Question: Direct write-off method OBJ. 3 Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2. Received $600 from Rachel

Direct write-off method OBJ. 3 Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

Oct. 2. Received $600 from Rachel Elpel and wrote off the remainder owed of $1,350 as uncollectible.

Dec. 20. Reinstated the account of Rachel Elpel and received $1,350 cash in full payment.

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