On March 13, a company writes off a customer's account of $3,800. On June 3, the customer unexpectedly pays the $3,800 balance. Using the allowance method, record the write-off on March 13 and the cash collection on June 3.
What will be an ideal response?
March 13 | ? | ? |
Allowance for Uncollectible Accounts | 3,800 | ? |
Accounts Receivable | ? | 3,800 |
June 3 | ? | ? |
Accounts Receivable | 3,800 | ? |
Allowance for Uncollectible Accounts | ? | 3,800 |
Cash | 3,800 | ? |
Accounts Receivable | ? | 3,800 |
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