Prepare journal entries under (a) the direct write-off method and (b) the allowance method to record the following transactions: July 2 Gomez Corp. determines that it cannot collect its accounts receivable of $2,800 from Joey Company. July 27 Gomez Corp. unexpectedly receives payment of $2,800 cash from Joey Company toward its previously written-off account. Gomez records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction list Journal entry worksheet 1 2 3 4 Gomez Corp. determines that it cannot collect its accounts receivable of $2,800 from Joey Company. (Use the direct write-off method.) Note: Enter debits before credits. Date July 02 General Journal Debit Credit < 1 3 Gomez Corp. unexpectedly receives payment of $2,800 cash from Joey Company toward its previously written-off account. Record the transaction to reinstate the account previously written off using the direct write-off method. Note: Enter debits before credits. Date July 27 General Journal Debit Credit 2 3 4 Gomez Corp. unexpectedly receives payment of $2,800 cash from Joey Company toward its previously written-off account. Record the cash receipt under the direct write-off method. Note: Enter debits before credits. Date July 27 General Journal Debit Credit V Journal entry worksheet < 1 2 3 4 Description Note: Enter debits before credits. Date General Journal Debit Credit Accounts receivable-Joey Company Allowance for doubtful accounts Bad debts expense Cash Cost of goods sold Delivery expense Interest receivable Merchandise inventory Purchases Purchases discounts el Sales Sales discounts Sales returns and allowances Transportation in 1 2 3 4 Gomez Corp. determines that it cannot collect its accounts receivable of $2,800 from Joey Company. (Use the allowance meththod.) Note: Enter debits before credits. Date July 02 General Journal Debit Credit < 1 2 4 Gomez Corp. unexpectedly receives payment of $2,800 cash from Joey Company toward its previously written-off account. Record the transaction to reinstate the account previously written off under the allowance method. Note: Enter debits before credits. Date July 27 General Journal Debit Credit > < 1 2 Gomez Corp. unexpectedly receives payment of $2,800 cash from Joey Company toward its previously written-off account. Record the cash receipt under the allowance method. Note: Enter debits before credits. Date July 27 General Journal Debit Credit > Description Note: Enter debits before credits. Date General Journal Debit Credit