PE 8-1A Direct write-off method ObJ. 3
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:
June 2. Received $1,200 from Melissa Crone and wrote off the remainder owed of
$4,000 as uncollectible.
Oct. 9. Reinstated the account of Melissa Crone and received $4,000 cash in full payment.
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