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Direct write-off method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,430 from Shawn McNeely and
Direct write-off method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,430 from Shawn McNeely and wrote off the remainder owed of $3,110 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 Cash Bad Debt Expense Accounts Receivable-Shawn McNeely Feedback Check My Work Remember that under the direct write-off method, Bad Debt Expense is not recorded until the customer's account is determined to be worthless. July 29: Reinstated the account of Shawn McNeely and received $3,110 cash in full payment. If an amount box does not require an entry, leave it blank. July 29 Accounts Receivable-Shawn McNeely Bad Debt Expense July 29 Cash BE Accounts Receivable-Shawn McNeely Check My Work All work saved. Email Instructor Save and Exit. Next Submit Assignment for Grading
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