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    ashish raj's Avatar
    ashish raj Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 5, 2009, 05:01 AM
    A debtor 5000 has become insolvent and cash received 2500 from him.
    What will be the journal entry ?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Jul 5, 2009, 08:14 AM

    Please try to do the entry yourself and I will let you know if it is right.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Jul 5, 2009, 07:59 PM

    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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