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Williams Company uses the direct write-off method to account for uncollectible receivables. On July 18, Williams wrote ofta $6,800 account receivable from customer W. Jennings.
Williams Company uses the direct write-off method to account for uncollectible receivables. On July 18, Williams wrote ofta $6,800 account receivable from customer W. Jennings. On August 24, Williams unexpectedly received full payment from Jenning on the previously written off account. 7. Journalize Williams's write-off on the uncollectible receivable. 8. Journalize Williams's collection of the previously written off receivable
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