Apr.	15.	Received $1,080 from Jean Tooley and wrote off the remainder owed of $4,350 as uncollectible.
Aug.	7.	Reinstated the account of Jean Tooley and received $4,350 cash in full payment.

Required:

Journalize the above transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles.

Journal

Journalize the transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
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7