Study Guide.

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $570,000 $396,000 13 1 to 30 $90,000 2x 31 to 60 $36,000 5% 61 to 90 $18,000 7% Over 90 $30,000 10x a. On February 1 of the next period, the company determined that $6.800 in customer accounts was uncollectible: specifically. $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5 of that next period, the company unexpectedly received a $900 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries necessary to reinstate the account and to record the cash received View transaction Net Journal entry worksheet 1 2 3 > The company determined that $6.800 in customer account is uncollectible: specifically, 5900 for Oakley Co. and 55.900 for Brookes Co. Prepare the journal entry to write off those accounts Note Entrets before credits Date Feb 01 General Journal Debit Credit Clearly Vinur