Exercise 7-5 (Algo) Writing off receivables LO P2 On January 1, Wei Company begins the accounting period with a $33,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $7,400 in customer accounts was uncollectible; specifically, $1,200 for Oakley Company and $6,200 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5 , the company unexpectedly received a $1,200 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. Journal entry worksheet Note: Enter debits before credits. Date General Journal Debit Credit February 01