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S9-3 (similar to) Question Help Simon Paul is an attorney in Los Angeles. Paul uses the direct write-off method to account for uncollectible receivables. At
S9-3 (similar to) Question Help Simon Paul is an attorney in Los Angeles. Paul uses the direct write-off method to account for uncollectible receivables. At January 31, 2016, Paul's accounts receivable totaled $17,000. During February, he earned revenue of $20,000 on account and collected $15,000 on account. He also wrote off uncollectible receivables of $1,200 on February 29, 2016. Requirements 1. Use the direct write-off method to journalize Paul's write-off of the uncollectible receivables. 2. What is Paul's balance of Accounts Receivable at February 29, 2016? Requirement 1. Use the direct write-off method to journalize Paul's write-off of the uncollectible receivables. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Feb. 29
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