Question: Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. Apr. 1 Sold merchandise on account to Jim Dobbs, $6,600.

Journalize the following transactions using the direct write-off method of accounting for

Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. Apr. 1 Sold merchandise on account to Jim Dobbs, $6,600. The cost of the merchandise is $4,600. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment. If an amount box does not require an entry, leave it blank. Apr. 1 Accounts Receivable-Jim Dobbs Sales 6,600 6,600 Apr. 1 Cost of Merchandise Sold 4,600 Merchandise Inventory 4,600 June 10 Cash Bad Debt Expense Accounts Receivable-Jim Dobbs Oct. 11 Accounts Receivable-Jim Dobbs Allowance for Doubtful Accounts Oct. 11 Cash Accounts Receivable-Jim Dobbs 2,200 4,400 6,600

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