Question
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,820 from Shawn McNeely and wrote off the
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables.
Mar. 17: Received $2,820 from Shawn McNeely and wrote off the remainder owed of $2,710 as uncollectible. If an amount box does not require an entry, leave it blank.
| Date | Account | ||
|---|---|---|---|
| Mar. 17 | |||
July 29: Reinstated the account of Shawn McNeely and received $2,710 cash in full payment. If an amount box does not require an entry, leave it blank.
| Date | Account | ||
|---|---|---|---|
| July 29 | |||
| July 29 | |||
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1118725786, 978-1118725788
