Using the Direct Write Off Method $of$ accounting for uncollectible receivables, journalize

the following transactions: $(10$ points$)$

$a.$ Wrote off $$1500of$ Ron Smith's bad debt

$b.$ Reinstated Ron Smith's account and collected the amount due $of$ $$1500$

Using the Allowance Method $of$ accounting for uncollectible receivables, journalize the

following transactions: $(10$ points$)$

$a.$ Wrote off $$1500of$ Ron Smith's bad debt

$b.$ Reinstated Ron Smith's account and collected the amount due $of$ $$1500$

Using the Percent $of$ Sales Method $of$ accounting for uncollectible receivables, and the

following data, answer the following: $a\frac{A}{R}b\frac{D}{A}$ has a current credit balance $of$ $$4500$

Annual Sales $=$$$2,424,000$

Bad Debt Expense $of$ estimated $tobe1\%of$ sales