4 8.75 points 02:55:29 On January 1, Wel company begins the accounting period with a $37,000 credit balance In Allowance for Doubtful Accounts. a. On February 1, the company determined that $8,200 in customer accounts was uncollectible; specifically, $1,600 for Oakley Co. and $6,600 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $1,600 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. View transaction let eBook Journal entry worksheet < 1 23 References On February 1, the company determined that $8,200 in customer accounts was uncollectible; specifically, $1,600 for Oakley Co. and $6,600 for Brookes Co. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Date Feb 01 General Journal Debit Credit Record entry Clear entry View general journal 4 75 pints 02:54:51 On January 1, Wel company begins the accounting period with a $37,000 credit balance In Allowance for Doubtful Accounts. a. On February 1, the company determined that $8,200 in customer accounts was uncollectible; specifically, $1,600 for Oakley Co. and $6,600 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $1,600 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. View transaction list eBook References Journal entry worksheet < 1 2 3 Record the reinstatement of Oakley's account, if necessary. Note: Enter debits before credits. Date Jun 05 General Journal Debit Credit Record entry Clear entry View general journal 4 8.75 points 02:54.28 On January 1, Wel company begins the accounting period with a $37,000 credit balance In Allowance for Doubtful Accounts. a. On February 1, the company determined that $8,200 in customer accounts was uncollectible; specifically, $1,600 for Oakley Co. and $6,600 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $1,600 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. View transaction list eBook Journal entry worksheet < 1 2 3 References Record the receipt of the amount due from Oakley. Note: Enter debits before credits. Date Jun 05 General Journal Debit Credit Record entry Clear entry View general journal Accounts payable Accounts receivable-Brookes Co. Accounts receivable-Oakley Co. Allowance for doubtful accounts Bad debts expense Debit Accounts payable Accounts receivable-Brookes Co. Accounts receivable-Oakley Co. Allowance for doubtful accounts Bad debts expense Debit the det Cash Cost of goods sold Credit card expense Factoring fee expense Interest receivable Interest revenue Del Interest revenue Merchandise inventory Notes payable Notes receivable Prepaid insurance Sales D Notes payable Notes receivable Prepaid insurance Sales Sales discounts Notes payable Notes receivable Prepaid insurance Sales Sales discounts