Question: Write your answer on a separate sheet of paper. 1) Prepare the journal entry to record an uncollectible account receivable of $10,000, using the direct
Write your answer on a separate sheet of paper. 1) Prepare the journal entry to record an uncollectible account receivable of $10,000, using the direct write-off method. (2 POINTS) 2) Moonlight Company wrote off the account of one of its customers, X, in 2018 for $500. On January 21, 2019, X unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalize the entries required for Moonlight Company on January 21, 2019. (4 POINTS)
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