Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 Cash (end of year) Short-term investments (end of year) Operating expenses Depreciation 'expense $25,318 8,210 59,405 13,050 2018 $22,770 9,430 62,300 11,200 Determine the days' cash on hand for 2018 and 2019. Assume 365 days in a year. Days' Cash on Hand 2048: days 2079: days eBook Show Me How Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,240 from Ian Kearns and wrote off the remainder owed of $2,040 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 8 July 29: Reinstated the account of Ian Kearns and received $2,040 cash in full payment. July 29 July 29 N Check My Work Email Instructor Submit Test for 74F Sunny