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1. Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: February 12. Received $800 from Silver Oaks and wrote off

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1. Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: February 12. Received $800 from Silver Oaks and wrote off the remainder owed of $2,400 as uncollectible. (6 pts) May 3. Reinstated the account of Leo Jorgenson and received $2,400 cash in full payment. (6 pts)

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