Q1

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Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $1,800 from William Pruitt and wrote off the remainder owed of $3,550 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of William Pruitt and received $3,550 cash in full payment. July 29 - July 29