Question Content Area Direct Write Off Method Journalize the following transactions, using the direct write off method of accounting for uncollectible receivables Question Content Area Mar 17 Received $2,520 from Matthew Chapman and wrote off the remainder owed of $5,120 as uncollectible If an amount box does not require an entry, leave it blank Mar 17 Accounts Payable Matthew ChapmanAccounts Receivable Matthew ChapmanAllowance for Doubtful AccountsCashSales Select Select Accounts Payable Matthew ChapmanAccounts Receivable Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseSales Select Select Accounts Payable Matthew ChapmanAccounts Receivable Matthew ChapmanAllowance for Doubtful AccountsCashSales Select Select Question Content Area July 29 Reinstated the account of Matthew Chapman and received $5,120 cash in full payment July 29 Accounts Receivable Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales Select Select Accounts Receivable Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales Select Select July 29 Accounts Payable Matthew ChapmanAllowance for Doubtful AccountsAccumulated Depreciation Office EquipmentCashSales Select Select Accounts Receivable Matthew ChapmanAllowance for Doubtful AccountsAccumulated Depreciation Office EquipmentCashSales Select Select

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Question: Question Content Area Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Question Content Area Mar. 17:

Question Content Area

Direct Write-Off Method

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables.

Question Content Area

Mar. 17: Received $2,520 from Matthew Chapman and wrote off the remainder owed of $5,120 as uncollectible. If an amount box does not require an entry, leave it blank.

Mar. 17	Accounts Payable-Matthew ChapmanAccounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsCashSales	- Select -	- Select -
	Accounts Payable-Matthew ChapmanAccounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseSales	- Select -	- Select -
	Accounts Payable-Matthew ChapmanAccounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsCashSales	- Select -	- Select -

Question Content Area

July 29: Reinstated the account of Matthew Chapman and received $5,120 cash in full payment.

July 29	Accounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales	- Select -	- Select -
	Accounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales	- Select -	- Select -
July 29	Accounts Payable-Matthew ChapmanAllowance for Doubtful AccountsAccumulated Depreciation-Office EquipmentCashSales	- Select -	- Select -
	Accounts Receivable-Matthew ChapmanAllowance for Doubtful AccountsAccumulated Depreciation-Office EquipmentCashSales	- Select -	- Select -

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