5. Simon Paul is an attorney in Los Angeles. Paul uses the direct write-off method to account for uncollectible receivables. At April 30, 2018, Paul's accounts receivable totaled $22,000. During May, he earned revenue of $24,000 on account and collected $25,000 on account. He also wrote off uncollectible receivables of $1,920 on May 31, 2018 Read the requirements? Requirement 1. Use the direct write-off method to journalize Paul's write-off of the uncollectible receivables. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit May 31|||(1) (2) (3) (4) (5) Requirement 2. What is Paul's balance of Accounts Receivable at May 31, 2018? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at May 31, 2018. Accounts Receivable (6) (7) (8) (9) (10) (11) 1: Requirements 1. Use the direct write-off method to journalize Paul's write-off of the uncollectible receivables. What is Paul's balance of Accounts Receivable at May 31, 2018? 2. (1) O Accounts Payable O Accounts Receivable O Allowance for Bad Debts O Bad Debts Expense O Cash O Service Revenue (2) a Accounts Payable O Accounts Receivable O Allowance for Bad Debts O Bad Debts Expense O Cash O Service Revenue (3) O Accounts Payable O Accounts Receivable Allowance for Bad Debts O Bad Debts Expense O Cash O Service Revenue (4) O O Accounts Payable O Accounts Receivable O Allowance for Bad Debts O Bad Debts Expense O Cash O Service Revenue O Reinstated previously written off account. O Wrote off an uncollectible account. (5) O O Collected cash on account. O Record sales for the year. O Recorded bad debts expense for the period. O Write-offs O Write-offs O Write-offs (6) O O Collections O Apr. 30 Bal. O Net credit sales (7) O O Collections O Apr. 30 Bal. Net credit sales (8) O O Collections O Apr. 30 Bal. O Net credit sales O Write-offs (10) O O Bal. (11) O Bal. (9) O O Collections O Apr. 30 Bal. O Net credit sales