Question: Direct Write-Off Method Journalize the following transactions using the direct wit off method of accounting for uncollectible receivables Mar. 17. Received $2,500 from Matthew Chapman

Direct Write-Off Method Journalize the following transactions using the direct wit off method of accounting for uncollectible receivables Mar. 17. Received $2,500 from Matthew Chapman and wrote off the remainder owed of $3,230 as uncollectible. If an amount box does not require an entry, law blank Mar. 17 July 29: Reinstated the account of Matthew Chapman and received 53,230 cash full payment July 29 III July 29

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