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-   -   A debtor 5000 has become insolvent and cash received 2500 from him. (https://www.askmehelpdesk.com/showthread.php?t=372090)

  • Jul 5, 2009, 05:01 AM
    ashish raj
    A debtor 5000 has become insolvent and cash received 2500 from him.
    What will be the journal entry ?
  • Jul 5, 2009, 08:14 AM
    codyman144

    Please try to do the entry yourself and I will let you know if it is right.
  • Jul 5, 2009, 07:59 PM
    morgaine300

    Also need to know if you're to do allowance method or direct write off method, as it does make a difference in the entry. (I usually assume allowance.)

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