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Direct write-off method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Question Content Area Mar. 17: Received $3,110 from

Direct write-off method

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables.

Question Content Area

Mar. 17: Received $3,110 from Shawn McNeely and wrote off the remainder owed of $4,940 as uncollectible. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit
Mar. 17 Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsCashSales - Select - - Select -
Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseSales - Select - - Select -
Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsCashSales - Select - - Select -

Question Content Area

July 29: Reinstated the account of Shawn McNeely and received $4,940 cash in full payment. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit
July 29 Accounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales - Select - - Select -
Accounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales - Select - - Select -
July 29 Accounts Payable-Shawn McNeelyAllowance for Doubtful AccountsAccumulated Depreciation-Office EquipmentCashSales - Select - - Select -
Accounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsAccumulated Depreciation-Office EquipmentCashSales - Select - - Select -

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