Entries for uncollectible accounts, using direct write - off method Journalize the following transactions in the accounts of Champion Medical Co., a medical equipment company that uses the direct write - off method of accounting for uncollectible receivables: Jan. 19. Sold merchandise on account to Dr. Dale Van Dyken, exist30,000. The cost of the merchandise sold was exist20, 500. July 7. Received exist12,000 from Dr. Dale Van Dyken and wrote off the remainder owed on the sale of January 19 as uncollectible. Nov. 2. Reinstated the account of Dr. Dale Van Dyken that had been written off on July 7 and received exist18,000 cash in full payment