Direct Write Off Method Journalize the following transactions, using the direct write off method of accounting for uncollectible receivables Oct 2 Received $2,450 from William Pruitt and wrote off the remainder owed of $2,330 as uncollectible If an amount box does not require an entry, leave it blank Oct 2 Feedback Remember that under the direct write off method, Bad Debt Expense is not recorded until the customer's account is determined to be worthless Dec 20 Reinstated the account of William Pruitt and received $2,330 cash in full payment Dec 20 Reinstate Dec 20 Collection

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Question: Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,450 from William Pruitt and

Direct Write-Off Method

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

Oct. 2: Received $2,450 from William Pruitt and wrote off the remainder owed of $2,330 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2

Feedback

Remember that under the direct write-off method, Bad Debt Expense is not recorded until the customer's account is determined to be worthless.

Dec. 20: Reinstated the account of William Pruitt and received $2,330 cash in full payment.

Dec. 20-Reinstate

Dec. 20-Collection

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