During July 2019, Midtown Catering recorded the following:

Catering services of $86,400 were provided ($64,500 on account, $21,900 for cash)
Collections on account, $58,950
Write-offs of uncollectible receivables, $2,560
Recovery of receivable previously written off, $1,000

Journalize Midtown's transactions during July, assuming Midtown uses the allowance method. Omit explanations.


Business

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When a company becomes global, it is governed by

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Business

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Business