Question: Instruction Using the direct write - off method of accounting for uncollectible receivables. Transactions: April 1 Sold merchandise on account to Jim Dobbs, $ 6
Instruction
Using the direct writeoff method of accounting for uncollectible receivables.
Transactions:
April Sold merchandise on account to Jim Dobbs, $ The cost of the merchandise is $
June Received payment for onethird of the receivable from Jim Dobbs and wrote off the remainder.
Oct. Reinstated the account of Jim Dobbs for and received cash in full payment.
Required:
Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest dollar amount.
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