I did all my other parts and cant figure out this Part 1. Please fill out the entire Part 1 as I dont understand it thanks!

3) New scenario: Assume that on January 23, 2018 Capricornus Co. wrote off $500 due from Ursa Minor Co. due to Ursa Minor Co.'s inability to pay what they owed. What journal entry would Capricornus Co. record for this write off assuming Capricornus Co uses the allowance method? 01/23/2018 4) (Continuation of question 3). Now assume that on February 10, 2018 Ursa Minor Co. pays the amount previously written off by Capricornus Co. What two journal entries must Capricornus Co. record related to this collection of a previously written off Accounts Receivable? 02/10/2018 02/10/2018 w transcribed image text