Question: Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: July 9. Received $1,200 from Jay Burke and wrote off the
Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: July 9. Received $1,200 from Jay Burke and wrote off the remainder owed of $3,900 as uncollectible. Oct. 11. Reinstated the account of Jay Burke and received $3,900 cash in full payment.
Pl note u have to use the given method.
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