Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method May 21 Sal Company determines that it cannot collect its accounts receivable of 32 , ree fron Juey Coaphy. Journal entry worksheet Sal Company unexpectedly receives payment of $2,700 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. Journal entry worksheet Sal Company unexpectedly receives payment of $2,700 cash from Joey Company toward its previously written-off account. Record the cash receipt. Note: Enter debits before credits