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Instructions X Apr. 15. Received $1,280 from Jean Tooley and wrote off the remainder owed of $4,140 as uncollectible. Aug. 7. Reinstated the account of
Instructions X Apr. 15. Received $1,280 from Jean Tooley and wrote off the remainder owed of $4,140 as uncollectible. Aug. 7. Reinstated the account of Jean Tooley and received $4,140 cash in full payment. Required: Journalize the above transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. Journal Journalize the transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT ACCOUNTING FOLLATION ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7
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