Exercise 9-9 Writing off receivables LO P2 Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis Days Past Due Total 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $570,000 $396,000 $90,000 $36,000 $18,000 $30,000 Percent uncollectible 1% 2% 58 7% 10% a. On February 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically. $900 for Oakley Co and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5 of that next period, 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 necessary to reinstate the account and to record the cash received the company unexpectedly received a $900 payment on a custom had previously been written off in part a. Prepare the entries necessary to reinstate the account and View transaction list Journal entry worksheet MacBook Air F2 80 F3 888 F4 F5 DU F7 F8 # & 35 3 4 % 5 2 6 UI 7 8 $ 9 YT to Next period, the company determined that $6,800 in customer accounts was for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5 of that next period, the company unexpectedly received a $900 payment on a custome had previously been written off in part a. Prepare the entries necessary to reinstate the account and to View transaction list Journal entry worksheet MacBook Air F2 30 F3 888 F4 F5 DU F6 97 FB # $ & I 3 $ 4 Ur % 5 3 to 6 7 to 8 e 9 f A