Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

Oct. 2: Received $2,380 from Matthew Chapman and wrote off the remainder owed of $4,210 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2

Dec. 20: Reinstated the account of Matthew Chapman and received $4,210 cash in full payment.

Dec. 20-Reinstate
Dec. 20-Collection

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Oct. 2. Received $2,380 from William Pruitt and wrote off the remainder owed of $5,430 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2

Dec. 20. Reinstated the account of William Pruitt and received $5,430 cash in full payment.

Reinstate
Collection