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Journalize the following transactions using the direct write off method of accounting for uncollectible receivables

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: 

Apr. 15.   Received $800 from Jean Tooley and wrote off the remainder owed of $1,200 as uncollectible.
Aug. 7.   Reinstated the account of Jean Tooley and received $1,200 cash in full payment.


 

May 02 2021 View more View Less

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