Assuming that the allowance method is being used

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Assuming that the allowance method is being used, prepare journal entries to record the following transactions. Omit explanations.

Mar. 15 Sold merchandise to Foster for $12,000 on account.

Apr. 15 Received $6,000 from Foster.

Aug. 15 Wrote off Foster's account as uncollectible.

Nov. 15 unexpectedly received payment in full from Foster.

Reference no: EM13748901

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