Wades Compary uses the direct wrbe-ef method to acoount for uncolectble receivables. On Novenber te, Wadas wrote off a $6, 00e scoount receivatic trom customer W Jegan, On December 24. Wades unoxpectedly recelved fol payment frem Jagas on the previously whiten of account. 7. Journalue Wadas's wite-off on the uncolecbble recelvable. 1. Jeurnalze Wadas's coliection of the proviounly artiten of recoivatle. 8. Now joumalze Wados's colection of the previeusly wrien of recelvable. (Record the transaction in fro joumal entriet.) Start by making the entry to adhat the npplicabie expenso socoum reiated to the collection of the previously wrilien off receivabile. Do not record the Cash portor of thin enty yet We wil de that an the following step. Now record the cash collection of the receivable previously written off