Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction list Journal entry worksheet < 1 23 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. Note: Enter debits before credits. Date May 03 General Journal Debit Credit Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction list Journal entry worksheet < 1 3 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Record the transaction to reinstate the account previously written off. Note: Enter debits before credits. Date May 21 General Journal Debit Credit > Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction list Journal entry worksheet < 1 2 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Record the cash receipt. Note: Enter debits before credits.. Date May 21 General Journal Debit Credit Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the allowance method. View transaction list Journal entry worksheet < 1 2 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. Note: Enter debits before credits. Date General Journal Debit Credit May 03 Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the allowance method. View transaction list Journal entry worksheet < 1 3 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Record the transaction to reinstate the account previously written off. Note: Enter debits before credits. Date May 21 General Journal Debit Credit > Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,500 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the allowance method. View transaction list Journal entry worksheet < 1 2 Sal Company unexpectedly receives payment of $3,500 cash from Joey Company toward its previously written-off account. Record the cash receipt. Note: Enter debits before credits. Date May 21 General Journal Debit Credit