Entries for Uncollectible Accounts, using Direct Write Off Method Journalize the following transactions in the accounts of Arrow 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 Sinclair Welby, $49,000 The cost of the merchandise sold was $26,500 July 7 Received $12,700 from Dr Sinclair Welby and wrote off the remainder owed on the sale of January 19 as uncollectible Nov 2 Reinstated the account of Dr Sinclair Welby that had been written off on July 7 and received $36,300 cash in full payment If an amount box does not require an entry, leave it blank Jan 19 sale Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsCashSales Select Select Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsCashSales Select Select Jan 19 cost Accounts Receivable Dr Sinclair WelbyAccounts Payable Dr Sinclair WelbyCashCost of Merchandise SoldMerchandise Inventory Select Select Accounts Receivable Dr Sinclair WelbyAccounts Payable Dr Sinclair WelbyCashCost of Merchandise SoldMerchandise Inventory Select Select July 7 Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsCashCost of Merchandise Sold Select Select Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold Select Select Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCash Select Select Nov 2 reinstate Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold Select Select Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold Select Select Nov 2 collection Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyCashCost of Merchandise SoldSales Select Select Accounts Payable Dr Sinclair WelbyAccounts Receivable Dr Sinclair WelbyCashCost of Merchandise SoldSales Select Select

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Question: Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Arrow Medical Co., a medical equipment company that uses

Entries for Uncollectible Accounts, using Direct Write-Off Method

Journalize the following transactions in the accounts of Arrow 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. Sinclair Welby, $49,000. The cost of the merchandise sold was $26,500.
July 7.	Received $12,700 from Dr. Sinclair Welby and wrote off the remainder owed on the sale of January 19 as uncollectible.
Nov. 2.	Reinstated the account of Dr. Sinclair Welby that had been written off on July 7 and received $36,300 cash in full payment.

If an amount box does not require an entry, leave it blank.

Jan. 19-sale	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsCashSales	- Select -	- Select -
	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsCashSales	- Select -	- Select -
Jan. 19-cost	Accounts Receivable-Dr. Sinclair WelbyAccounts Payable-Dr. Sinclair WelbyCashCost of Merchandise SoldMerchandise Inventory	- Select -	- Select -
	Accounts Receivable-Dr. Sinclair WelbyAccounts Payable-Dr. Sinclair WelbyCashCost of Merchandise SoldMerchandise Inventory	- Select -	- Select -
July 7	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsCashCost of Merchandise Sold	- Select -	- Select -
	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold	- Select -	- Select -
	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCash	- Select -	- Select -
Nov. 2-reinstate	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold	- Select -	- Select -
	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyAllowance for Doubtful AccountsBad Debt ExpenseCost of Merchandise Sold	- Select -	- Select -
Nov. 2-collection	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyCashCost of Merchandise SoldSales	- Select -	- Select -
	Accounts Payable-Dr. Sinclair WelbyAccounts Receivable-Dr. Sinclair WelbyCashCost of Merchandise SoldSales	- Select -	- Select -

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