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Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $1,140 from Elita Ramirez
Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $1,140 from Elita Ramirez and wrote off the remainder owed of $2,570 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Cash Bad Debt Expense Accounts Receivable-Elita Ramirez 88 Feedback Check My Work Dec. 20: Reinstated the account of Elita Ramirez and received $2,570 cash in full payment. If an amount box does not require an entry, leave it blank. Dec. 20-Reinstate Accounts Receivable-Elita Ramirez Bad Debt Expense Dec. 20-Collection Cash Accounts Receivable-Elita Ramirez
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