Journalize the following transactions, using the direct write off method of accounting for uncollectible receivables Oct 2 Received $2,380 from Matthew Chapman and wrote off the remainder owed of $4,210 as uncollectible If an amount box does not require an entry, leave it blank Oct 2 Dec 20 Reinstated the account of Matthew Chapman and received $4,210 cash in full payment Dec 20 Reinstate Dec 20 Collection Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Oct 2 Received $2,380 from William Pruitt and wrote off the remainder owed of $5,430 as uncollectible If an amount box does not require an entry, leave it blank Oct 2 Dec 20 Reinstated the account of William Pruitt and received $5,430 cash in full payment Reinstate Collection

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Question: Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,380 from Matthew Chapman and wrote off the

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

Oct. 2: Received $2,380 from Matthew Chapman and wrote off the remainder owed of $4,210 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2

Dec. 20: Reinstated the account of Matthew Chapman and received $4,210 cash in full payment.

Dec. 20-Reinstate

Dec. 20-Collection

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Oct. 2. Received $2,380 from William Pruitt and wrote off the remainder owed of $5,430 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2

Dec. 20. Reinstated the account of William Pruitt and received $5,430 cash in full payment.

Reinstate

Collection

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