On June 1, 2018, Puritan Performance Cell Phones sold $18,000 of merchandise to ArmstrongTrucking Company on account. Armstrong fell on hard times and on July 15 paid only $5,500 of the account receivable. After repeated attempts to collect, Puritan Performance finally wrote off its accounts receivable from Armstrong on September 5. Six months later, March 5, 2019, Puritan Performance received Armstrong's check for $12,500 with a note apologizing for the late payment. Read the requirements. Requirement 1. Journalize the transactions for Puritan Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) June 1: Puritan Performance Cell Phones sold $18,000 of merchandise to Armstrong Trucking Company on account. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit Jun. 1 Collected cash on account. Recorded bad debts expense for the period. Reinstated previously written off account. Sold goods on account. Wrote off uncollectible accounts. 0 Requirements 1. Journalize the transactions for Puritan Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. 2. What are some limitations that Puritan Performance will encounter when using the direct write-off method