Question: Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,750 from Paula Spitler and
Direct Write-Off Method
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:
Oct. 2: Received $2,750 from Paula Spitler and wrote off the remainder owed of $4,570 as uncollectible. If an amount box does not require an entry, leave it blank.
| Oct. 2 | fill in the blank 45d969fd3015fd7_2 | fill in the blank 45d969fd3015fd7_3 | |
Dec. 20: Reinstated the account of Paula Spitler and received $4,570 cash in full payment. If an amount box does not require an entry, leave it blank.
| Dec. 20-Reinstate | fill in the blank 9cb2c6f71033020_2 | fill in the blank 9cb2c6f71033020_3 | |
| Dec. 20-Collection | |||
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