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Instructions Jan. 19 June 2 Sold merchandise on account to Dr. Kyle Norby, 317,010. The cost of the goods sold was 89,920. Received 84,670 from
Instructions Jan. 19 June 2 Sold merchandise on account to Dr. Kyle Norby, 317,010. The cost of the goods sold was 89,920. Received 84,670 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollectible Reinatated the account of Dt. Kyle Norby that had been written off on June 2 and received $13.240 cash in full payment Oct 23 Journalize the above transactions in the accounts of Canyon River Medical Co, a medical oquipment company that uses the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles
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