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

Direct write-off method Journalize the following transactions, using the direct write-off

Direct write-off method Journalize the following transactions, using the direct write-off method of accounting for 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. 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. July 29 July 29

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