UNUL NUW Direct writer off method Chart of Accounts Journal Instructions Apr 15. Received $1,800 from Joe Brown and wrote off the remainder owed of $2 700 as uncollectible Aug 7 Reinstated the account of Joe Brown and received $2,700 cash in full payment Required: Journalize the above transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal pace is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered Journal Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 121 Accounts Receivable-Joe Brown 129 Allowance for Doubtful Accounts EXPENSES 510 Cost of Merchandise Sold 131 Interest Receivable 520 Sales Salaries Expense 132 Notes Receivable 141 Merchandise Inventory 146 Office Supplies 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 146 Store Supplies 524 Repairs Expense 151 Prepaid Insurance 529 Selling Expenses 181 Land Direct write-off method Journal Chart of Accounts 181 Land 529 Selling Expenses 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 211 Salaries Payable 2113 Sales Tax Payable 537 Cash Short and Over 538 Bad Debt Expense 214 Interest Payable 539 Miscellaneous Expense 215 Notes Payable 710 Interest Expense EQUITY 310 Owner Capital 3:11 Owner Drawing 312. Income Sun mary Direct write off method Journal Chart of Accounts Journal CAGGIICOLE WIC CIGUGUHARICU JOURNAL AC DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS 3 4 Instructions Journal Journalize the transactions, using the direct wnte-off method of accounting for uncollectible receivables Refer to the chart of accounts for the exac titles. CNOW journals do not use lines for journal explanations Every fine on a journal page is used for debitor credit entres CNOW journals w credil entry when a credit amount is entered JOURNAL ACCO DATE DESCRIPTION POST: REF DEBIT CREDIT 455ETS My Work Prewe Enn! Han Sast and EXE Submit Assignment