Knowledge Check 01 On December 31, management had determined that it would not be able to collect the $1.200 owed to it by one of its customers On Son 15 in the next year, a check in the amount of $600 was unexpectedly received from this customer Management does not expect any future collections from this customer. The company uses the allowance method to account for its uncollectible accounts Prepare the necessary journal entry on January 15 to record the events by selecting the account names from the drop down menu and entering the dollar amounts in the debitor credit columns Prepare two separate journal entries. The most journal entry is to record the reinstatement or the account recevible and the seconds to record the receipt of cash View transaction for Journal entry worksheet 1 Prepare the journal entry to record the reinstatement of the account recevable < Prev 15 18 Next > D OP atv le $ A 96 5 3 4 6 7 8 9 0 W E R T Y U 0 Р D F G H K 니 > C V В. N. M 98 command