metnod of accounting for uncollectible receivables:

Jan. $19.$ Sold merchandise on account to Dr$.$ Kyle Norby, $$53,000.$ The cost of goods sold was $$28,600.$

June $2.$ Received $$14,300$ from Dr$.$ Kyle Norby and wrote off the remainder owed on the sale of January $19$ as uncollectible.

Oct. $23.$ Reinstated the account of Dr$.$ Kyle Norby that had been written off on June $2$ and received $$38,700$ cash in full payment.

If an amount box does not require an entry, leave it blank.

Jan. $19-$sale $$

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Jan. $19-$cost $$

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June $2$

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Oct. $23-$reinstate $$

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Oct. $23-$collection $$

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