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, $77,000. The cost of the merchandise sold was $52,600. July 7. Received $30,800 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 $46,200 cash in full payment. If an amount box does not require an entry, leave it blank. Jan. 19-sale Jan. 19-cost July 7 Nov. 2-reinstate Nov. 2-collection 000 00 00

Entres foe Uncollectible Accounts, using Direct Wnite-Off Method Journalite the following transactions in the accounts of Arrow Medical Co, a medical equipment company that uses the direct write-off method of accounting for uncolicctuble receivables: 1an, 19, Sold merchandise on account to Dr. Sinclaif Weiby, $77,000. The cost of the merchandise sold was $52,600. 34ly 7. Recelved $30,800 from Dr. Sinclair Weby and wrote off the remainder owed on the sale of January 19 as uncollectible. Nov, 2. Peinstated the account of Or. Sinclair Welby that had been written off on July 7 and received $46,200 cash in full payment