Question: Direct write-off method Journalize the following transactions, using the direct write-off method of accounting fo uncollectible receivables: Mar. 17. Received $325 from Shawn McNeely and

Direct write-off method Journalize the following transactions, using the direct write-off method of accounting fo uncollectible receivables: Mar. 17. Received $325 from Shawn McNeely and wrote off the remainder owed of $500 as uncollectible. If an amount box does not require an entry, leave it blank. Feedback Theck My Work Remember that under the direct write-off method, Bad Debt Expense is not recorded until the customer's account is determined to be worthless. July 29. Reinstated the account of Shawn McNeely and received $500 cash in full payment. If an amount box does not require an entry, leave it blank

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