Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 5

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer, C. Green. On March 9, it receives a $300 payment from Green.
1. Prepare the journal entry or entries for January 31.
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.