QS 7-2 Direct write-off method LO P1 Solstice Company determines on October 1 that it cannot collect $61,000 of its accounts receivable from its customer P. Moore. Apply the direct write-off method to record this loss as of October 1 View transaction list Journal entry worksheet Record the write off an account. Note: Enter debits before credits. Date Debit Credit Oct 01 Record entry Clear entry View general journal 6 QS 7-7 Percent of sales method LO P3 0.66 points Warner Company's year-end unadjusted trial balance shows accounts receivable of $109,000, allowance for doubtful accounts of $700 (credit), and sales of $380,000. Uncollectibles are estimated to be 0.50% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles. eBook View transaction list Hint Journal entry worksheet References Record the estimate of uncollectibles. Note: Enter debits before credits. Date Dec 31 Record entry Clear entry View general journal