Solved: On march 4 2010 tatum co receives payment of 3642 in full, Accounting Basics

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On march 4 2010 tatum co receives payment of 3642 in full

Question - At the end of 2009, Tatum Co. has accounts receivable of $737,950 and an allowance for doubtful accounts of $38,082. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $3,642. On March 4, 2010, Tatum Co. receives payment of $3,642 in full from Novinger Inc.

Prepare the journal entries to record the payment.

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Accounting Basics: On march 4 2010 tatum co receives payment of 3642 in full

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Accounting Basics: On march 4 2010 tatum co receives payment of 3642 in full

Reference No:- TGS02589036

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