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Shelley Summerset is an attorney in Los Angeles. Summerset uses the direct write-off method to account for uncollectible receivables. At January 31, 2016, Summerset's accounts
Shelley Summerset is an attorney in Los Angeles. Summerset uses the direct write-off method to account for uncollectible receivables. At January 31, 2016, Summerset's accounts receivable totaled $14,000. During February, she earned revenue of $16,000 on account and collected $17,000 on account. She also wrote off uncollectible receivables of $2,400 on February 29, 2016. Requirements 1 Use the direct write-off method to journalize Summerset's write-off of the uncollectible receivables. 2 What is Summerset's balance of Accounts Receivable at February 29, 2016? Requirement 2. What is Summerset's balance of Accounts Receivable at February 29, 2016? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at February 29, 2016. Accounts Receivable
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