Journalize the following transactions in the accounts of Midwest Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables:
Feb. 3. Sold merchandise on account to Dr. Jill Hall, $17,340. The cost of the merchandise sold was $9,500.
Sept. 10. Received $5,000 from Dr. Jill Hall and wrote off the remainder owed on the sale of February 3 as uncollectible.
Dec. 21. Reinstated the account of Dr. Jill Hall that had been written off on September 10 and received $12,340 cash in full payment.