Question

On January 1, Wei company begins the accounting period with a $41,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $9,000 in customer accounts was uncollectible; specifically, $2,000 for Oakley Co. and $7,000 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $2,000 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. View transaction list Journal entry worksheet < 1 2 3 On February 1, the company determined that $9,000 in customer accounts was uncollectible; specifically, $2,000 for Oakley Co. and $7,000 for Brookes Co. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 Record entry Clear entry View general journal

Answer 1

Date	General Journal	Debit	Credit
Feb 01	Allowance for doubtful accounts	$9,000
	Accounts receivable—Oakley Co.		$2,000
	Accounts receivable—Brookes Co.		$7,000
	(To record write off accounts receivables)
June 05	Accounts receivable—Oakley Co.	$2,000
	Allowance for doubtful accounts		$2,000
	(To record reinstatement accounts receivable)
June 05	Cash	$2,000
	Accounts receivable—Oakley Co.		$2,000
	(To record receipt from accounts receivable)