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CH Exercise 9-5 (Algo) Writing off receivables LO P2 On January 1. Wel Company begins the accounting period with a $32,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $7,200 in customer accounts was uncollectible, specifically, $1,100 for Oakley Company and $6,100 for Brookes Company Prepare the journal entry to write off those two accounts b. On June 5, the company unexpectedly received a $1,100 payment on a customer account Oakley Company that had previously been written off in part a Prepare the entries to reinstate the account and record the cash received View transaction list Journal entry worksheet