te S8-6 3 Applying the direct write-off method to account for uncollectibles [10 min] Sherman Peterson is an attorney in Los Angeles. Peterson uses the direct write-off method to account for uncollectible receivables. At January 31, 2012, Peterson's accounts receivable totaled $15,000. During February, he earned revenue of $18,000 on account and collected $19,000 on account. He also wrote off uncollectible receivables of $1,800 on February 29, 2012. Requirements 1. Use the direct write-off method to journalize Peterson's write-off of the uncol- lectible receivables. A 2. What is Peterson's balance of Accounts receivable at February 29, 2012? Does Peterson expect to collect the total amount?

S8-6 3 Applying the direct write-off method to account for uncollectibles [10 min] Sherman Peterson is an attorney in Los Angeles. Peterson uses the direct write-off method to account for uncollectible receivables. At January 31, 2012, Peterson's accounts receivable totaled $15,000. During February, he earned revenue of $18,000 on account and collected $19,000 on account. He also wrote off uncollectible receivables of $1,800 on February 29, 2012. Requirements 1. Use the direct write-off method to journalize Peterson's write-off of the uncollectible receivables. 2. What is Peterson's balance of Accounts receivable at February 29, 2012? Does Peterson expect to collect the total amount? S8-6 3 Applying the direct write-off method to account for uncollectibles [10 min] Sherman Peterson is an attorney in Los Angeles. Peterson uses the direct write-off method to account for uncollectible receivables. At January 31, 2012, Peterson's accounts receivable totaled $15,000. During February, he earned revenue of $18,000 on account and collected $19,000 on account. He also wrote off uncollectible receivables of $1,800 on February 29, 2012. Requirements 1. Use the direct write-off method to journalize Peterson's write-off of the uncollectible receivables. 2. What is Peterson's balance of Accounts receivable at February 29, 2012? Does Peterson expect to collect the total amount