Wilkins Company uses the direct write-off method to account for uncollectible receivables. On June 18, Wilkins wrote off a $6,900 account receivable from customer W. Jacht. One July 24, Wilkins unexpectedly received full payment from jacht on the previously written off account.

Journalize Wilkins’s write-off on the uncollectible receivable.

Journalize Wilkins’s collection of the previously written off receibable.

Answer rating: 100% (QA)

Date Particulars Debit Credit 180620xx Provision for doubtful ... View the full answer