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Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. Jan. 17: Received $3,180 from William Pruitt and wrote off the
Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. Jan. 17: Received $3,180 from William Pruitt and wrote off the remainder owed of $5,470 as uncollectible. If an amount box does not require an entry, leave it blank. Apr. 6: Reinstated the account of William Pruitt and received $5,470 cash in full payment
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