Question: Journalize transactions with the direct write-off method. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. April 1 Sold merchandise

Journalize transactions with the direct write-off method.

Journalize transactions with the direct write-off method. Journalize the following transactions using

Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $8,100. The cost of goods sold is $5,400. 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. April 1 April 1 June 10 Oct. 11 Oct. 11

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