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Direct write - off method Journalize the following transactions, using the direct write - off method of accounting for uncollectible receivables: Mar. 1 7 .

Direct write-off method
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:
Mar. 17. Received $325 from Shawn McNeely and wrote off the remainder owed of $500 as uncollectible.
July 29. Reinstated the account of Shawn McNeelv and received $500 cach in full
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