Question

Journalize and post to the allowance account the following events and transactions in the year 2021....

Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,200 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation Debit Credit (1). choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount (2). choose a transaction date enter an account title to reverse write-off enter a debit amount enter a credit amount enter an account title to reverse write-off enter a debit amount enter a credit amount (To reverse write-off) choose a transaction date enter an account title to record collection of write-off enter a debit amount enter a credit amount enter an account title to record collection of write-off enter a debit amount enter a credit amount (To record collection of write-off.)

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Answer #1
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Date Account Debit Credit
May 31 Accounts Receivable $    1,200
     Allowance for uncollectible accounts $    1,200
(To record reversal of write off)
May 31 Cash $    1,200
     Accounts Receivable $    1,200
(To record cash received)
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