yogenow.com o eBook 3 Show Me How Entries for uncollectible accounts, using direct write-off method Instructions Chart of Accounts Journal Instructions Jan. 19 June 2 Sold merchandise on account to Dr. Kyle Norby, $18,040. The cost of the goods sold was $9.550. Received $5,010 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollectible. Reinstated the account of Dr. Kyle Norby that had been written off on June 2 and received $13,030 cash in full payment Oct. 23 Journalize the above transactions in the accounts of Canyon River Medical Co., a medical equipment company that uses the direct wte-aff method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. Instructions Chart of Accounts Journal Instructions Chart of Accounts Journal JOURNAL DATE ACCOUNTING DESCRIPTION 1 POST. REF DERIT CREDIT ASSETS 2 3 4 5 7 I 3 9 10 Next >