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Sagot :
The journal entry for the transactions will be:
1st April
Debit Account receivables $7200
Credit Sales $7200
(To record sales)
Debit Cost of goods sold $5400
Credit Inventory $5400
(To record cost of goods sold)
10th June
Debit Cash $2400
Credit Account receivable $2400
(To record cash received from customer)
Debit Allowance for uncollectible items $4800
Credit Account receivable $4800
(To record write-off)
11th October
Debit Account receivable $4800
Credit Allowance for uncollectible items $4800
( To record reinstatement of account)
Debit Cash $4800
Credit Account receivable $4800
( To record full cash gotten from customer)
The account receivable on 10th June was calculated as:
= (1/3 × $7200) = $2400
Learn more about journal entry on:
https://brainly.com/question/8913038
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