cct123 OL-1 - Read-Only - Compatibility Mode - Word O Search ut References Mailings Review View Help La Z. 3 SC ANAS SULAR Vad UNOS 1. On March 15, a business that uses the direct write-off method determines that it will not be able to collect a $1,000 receivable from a specific customer. Prepare any necessary journal entries on March Date March 15th Bad debt expense Accounts receivable $1,000 $1,000 Description I 2. On May 15, a business that uses the direct write-off method recovers a $500 receivable that was previously written off. Prepare any necessary journal entries on May 15