Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar....
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Accounting
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables.
Mar. 17: Received $2,820 from Shawn McNeely and wrote off the remainder owed of $2,710 as uncollectible. If an amount box does not require an entry, leave it blank.
Date
Account
Mar. 17
July 29: Reinstated the account of Shawn McNeely and received $2,710 cash in full payment. If an amount box does not require an entry, leave it blank.
Date
Account
July 29
July 29
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