Question: Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,330 from Matthew Chapman and

Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,330 from Matthew Chapman and wrote off the remainder owed of $4,260 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 lll 111 July 29: Reinstated the account of Matthew Chapman and received $4,260 cash in full payment. July 29 Il July 29

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