Solution-Journalize the following transactions in the

Journalize the following transactions in the accounts

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Journalize the following transactions in the accounts of Laser Tech Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables:

Feb. 23. Sold merchandise on account to Dr. Judith Salazar, $41,500. The cost of the merchandise sold was $22,300.

May 10. Received $10,000 from Dr. Judith Salazar and wrote off the remainder owed on the sale of February 23 as uncollectible.

Dec. 2. Reinstated the account of Dr. Judith Salazar that had been written off on

May 10 and received $31,500 cash in full payment.

Reference no: EM131125460

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Journalize the following transactions in the accounts

Reference no: EM131125460

Reference no: EM131125460

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