Question: Direct Write-Off Method Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables Jan. 17: Received $2,600 from William Pruitt and

Direct Write-Off Method Journalize the following transactions using the direct write-off

Direct Write-Off Method Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables Jan. 17: Received $2,600 from William Pruitt and wrote off the remainder owed of $2,260 as uncollectible. If an amount box does not require an entry, leave it blank. Jan. 17 Apr. 6: Reinstated the account of William Pruitt and received $2,260 cash in full payment. Reinstate Collection

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