Direct write-off method

1)Journalize the following transactions, using the direct write-off method of

accounting for uncollectible receivables: Apr. 15. Received $800 from Jean Tooley

and wrote off the remainder owed of $1,200 as uncollectible. Aug. 7. Reinstated the

account of Jean Tooley and received $1,200 cash in full payment.

2) Allowance method

Journalize the following transactions, using the allowance method of accounting for

uncollectible receivables:

Feb. 12. Received $800 from Leo Jorgenson and wrote off the remainder owed of

$2,400 as uncollectible.

May 3. Reinstated the account of Leo Jorgenson and received $2,400 cash in full

payment.