Moonlight Company Wrote Off the Account of One of Its

question 25

Essay

Moonlight Company wrote off the account of one of its customers,X,in 2018 for $500.On January 21,2019,X unexpectedly repaid his account in full.The company uses the direct write-off method to account for uncollectible receivables.Journalize the entries required for Moonlight Company on January 21,2019.Omit explanations.

---

Definitions:

Sexually Aroused

The condition of being physically and emotionally stimulated in anticipation of or during sexual activity.

Alcohol Affects

The various impacts of alcohol consumption on the body and mind, including but not limited to physiological, psychological, and behavioral changes.

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, which can have serious health consequences.

Dealing With Emotions

The process of recognizing, understanding, and effectively managing one's feelings and emotional reactions.