Question: ***OPTIONS FOR DROP DOWN MENU for October 2nd and Dec 20th*** Accounts Payable-William Pruitt Accounts Receivable-William Pruitt Allowance for Doubtful Accounts Cash Sales Direct Write-Off

***OPTIONS FOR DROP DOWN MENU for October 2nd and Dec 20th*** Accounts

***OPTIONS FOR DROP DOWN MENU for October 2nd and Dec 20th***

  1. Accounts Payable-William Pruitt
  2. Accounts Receivable-William Pruitt
  3. Allowance for Doubtful Accounts
  4. Cash
  5. Sales

Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received \\( \\$ 3,060 \\) from William Pruitt and wrote off the remainder owed of \\( \\$ 3,490 \\) 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 \\( \\$ 3,490 \\) cash in full payment. If an amount box does not require an entry, leave it blank. Dec. 20-Reinstate Dec. 20-Collection

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