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Prepare journal entries to record the given transactions

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Problem-

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

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.

Additional information-

This problem belongs to Accounting and it discuss about prepare journal entries to record the given transactions.

Word limit- 100.

Reference no: EM13824909

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