Entries for Uncollectible Accounts, using Direct Write-Off Methoo Journasize the following transoctions in the accounts of Champion Medical Co., a medical equipment company that uses the direct write-off method of acceunting for uncollectible receivables: Jan. 19. Sold merchandise on account to Dr. Dale Van Dyken, $58,000. The cost of the merchandise sold was $31,300. July 7. Received $14,500 from Dr, Dale Van Dyken and wrote off the remainder owed on the sale of January 19 as uncollectible. Nov. 2. Reinstated the account of Dr. Dale Van Dyken that had been written off on July 7 and received $43,500 cash in full payment. For a compound transaction, if an amount box does net require an entry, leave it blank