S8-4 (similar to)

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Foley's Furniture RepairFoley's Furniture Repair

had trouble collecting its account receivable from

Simon PetermanSimon Peterman.

On

JuneJune

19,

20182018,

Foley's Furniture RepairFoley's Furniture Repair

finally wrote off

Peterman'sPeterman's

$ 650$650

account receivable. On December 31,

PetermanPeterman

sent a

$ 650$650

check to

Foley's Furniture RepairFoley's Furniture Repair.

Journalize the entries required for

Foley's Furniture RepairFoley's Furniture Repair,

assuming

Foley's Furniture RepairFoley's Furniture Repair

uses the direct write-off method. On

JuneJune

19,

20182018,

Foley's Furniture RepairFoley's Furniture Repair

wrote off

Peterman'sPeterman's

$ 650$650

account receivable. Journalize the

entry.(Record

debits first, then credits. Select the explanation on the last line of the journal entry table.)