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Wacks Company uses the direct write-off method to account for uncollectible receivables. On September 18, Wacks wrote off a $6,000 account receivable from customer W.
Wacks Company uses the direct write-off method to account for uncollectible receivables. On September 18, Wacks wrote off a $6,000 account receivable from customer W. Jair. On October 24, Wacks unexpectedly received full payment from Jair on the previously written off account. Name: Due: 3. Journalize Wacks's write-off on the uncollectible receivable. 4. Journalize Wacks's collection of the previously written off receivable. Last W Current Attemp Late Su 3. Journalize Wacks's write-off on the uncollectible receivable. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table
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