Question 50: Danforth Cycle Shop had trouble collecting its account receivable from Sue Ann Noel. On January 19, Danforth finally wrote off Noel's $3,300 account receivable. Danforth tumed the account over to a lawyer, who pursued Noel for payment for the rest of the year. On December 31, Noel sent a $3,300 cheque to Danforth Cycle Shop with a note that said, "Here's your money. Please call off your bloodhound!" Journalize the follow transactions for Danforth Cycle Shop: January 19 December 31 December 31 Begin with the January 19th transaction to write off Noel's account against Allowance for Doubtful Accounts. (Record debits first, then credits. Explanations are not required.) Date January 19 Write-off of Noel's account against Allowance for Doubtful Accounts. Reinstatement of Noel's account. Collection of cash from Noel. Date December 31 On December 31, journalize the reinstatement of Noel's account. Accounts December 31 Accounts Debit Debit Now enter the second December 31st transaction, the collection of cash from Noel. Date Accounts Debit Credit Credit Credit

Danforth Cycle Shop had trouble collecting its account receivable from Sue Ann Noel. On January 19, Danforth finally wrote off Noel's \\( \\$ 3,300 \\) account receivable. Danforth tumed the account over to a lawyer, who pursued Noel for payment for the rest of the year. On December 31 , Noel sent a \\( \\$ 3,300 \\) cheque to Danforth Cycle Shop with a note that said, \"Here's your money. Please call off your bloodhoundl\" Joumalize the follow transactions for Danforth Cycle Shop: January 19 Write-off of Noel's account against Allowance for Doubtful Accounts. Decomber 31 Reinstatement of Noel's account. December 31 Collection of cash from Noel. Begin with the January 19th transaction to write off Noer's account against Allowance for Doubtlul Accounts. (Record debits first, then credits. Explanations are not required.) On December 31, journalize the reinstatement of Noel's account