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b The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31 : June 8. Wrote off
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The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31 : June 8. Wrote off account of Kathy Quantel, $3,660 Au9. 14. Recelved $2,600 as partial payment on the $6,550 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $3,660 from Kathy Quantel, whose account had been written off on June 8 . Reinstated the occount and recorded the cash recelipt Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Dec. 31. If necessary, Journalize the yearend adjusting entry for uncollectible accounts. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank, If no entry is required; select "No entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a. Lournalize the transactions under the direct write-off method Step by Step Solution
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