Wiking Company uses the direct write-off method to account for uncollectible receivables. On April 18, Wakin wrote a 50,000 account recevable trom customer W. Jana. On May 21, Winstody received ful payment from Jana on the previously written off account 7. Journalize Wilkins's wite-off on the noble ronivable 8. Journalice Wikings collection of the previously witten off receivable 7. Journalize Wiko's write off on the uncollectible recevable cord debitors the credits Select the explanation on the taste of the jour Date Accounts and Explanation Debit Credit AD 10 8. Now youmalize Wikins's collection of the previously written off receivable. (Record the transaction in two ouma entre) Start by making the entry to adjust the applicable expense socount related to the colection of the previously written ofrecevable Do not record the Cash portion of the entry yet. We wil do that in the food stop Date Accounts and Explanation Debit Credit May 20 8. Now ournalire Wikind's collection of the previously written of receivatie (Record the transaction in two journal entries) Start by making the entry to adjust the applicable expense account related to the collection of the previously writer of receivable. Do not record the Cath portion of the entry yet we will come in the following stop Date Accounts and Explanation Debit Credit May 24 Now record the cash colection of the receivable previously written off Date Accounts and Explanation May 20 Debit Credit Now record the cash collection of the receivable previously written off. Date Accounts and Explanation Debit Credit May 24