Question: Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,430 from Matthew Chapman and wrote off

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,430 from Matthew Chapman and wrote off

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,430 from Matthew Chapman and wrote off the remainder owed of $5,440 as uncollectible. If an amount box does not require an entry, lea blank. Mar. 17 July 29: Reinstated the account of Matthew Chapman and received $5,440 cash in full payment. July 29 July 29

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