Journalize the following transaction using the direct write-off method of accounting for uncollectible receivables. a. June 10

Question:

Journalize the following transaction using the direct write-off method of accounting for uncollectible receivables.
a. June 10 received $1,200 from Jim Dobbs and wrote off the remainder owed of $4,200.
b. Oct. 11. Reinstated the account of Jim Dobbs and received $4,200 cash in full payment.