Question - The USA Homecare Company uses the allowance method of accounting for uncollectible accounts. Record Journal entries for the transactions listed below.
Mar. 1 Received $225 from Jon Muncy in payment of a $900 account. The balance is written off as uncollectible.
May. 30 Wrote off the account of Brenda Disesso, $815
July. 18 Received a check from Brenda DISESSO in full payment of previously written-off account