Exercise 7-5 (Static) Writing off receivables LO P2 On January 1, Wei Company begins the accounting period with a $30,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Company and $5,900 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5 , the company unexpectedly received a $900 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 3 On February 1 , the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Company and $5,900 for Brookes Company. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Exercise 7-5 (Static) Writing off receivables LO P2 On January 1, Wei Company begins the accounting period with a $30,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Company and $5,900 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5 , the company unexpectedly received a $900 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 recelved. Journal entry worksheet 3 Record the reinstatement of Oakley's account, if necessary. Note: Enter debits before credits. Exercise 7-5 (Static) Writing off receivables LO P2 On January 1, Wei Company begins the accounting period with a $30,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Company and $5,900 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5 , the company unexpectedly received a $900 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 Record the receipt of the amount due from Oakley. Note: Hnter debits before credits