Exercise 7-5 Writing off receivables LO P2 On January 1. Wel company begins the accounting period with a $34,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $7,600 in customer accounts was uncollectible; specifically, $1,300 for Oakley Co. and $6,300 for Brookes Co. Prepare the journal entry off those two accounts. b. On June 5, the company unexpectedly received a $1,300 payment on a customer account, Oakley Company, that had previously been written off in part a Prepare the entries to reinstate the account and record the cash received Vlow transaction list Journal entry worksheet 1 2 3 On February 1, the company determined that $7,600 in customer accounts was uncollectible; specifically, $1,300 for Oakley Co. and $6,300 for Brookes Cn Pranare the inurnal entry in write nff those twn arrunte