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requirement 1 and 2 Shawna Valey is an atiomey in Los...

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Accounting

requirement 1 and 2
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Shawna Valey is an atiomey in Los Angeles, Valey uses the direct write-off method to account for uncollectiblo recelvables. At January 31,2016 , Valley's accounts receivablo totaled $14,000, Doring February, she earned rovenun of $16,000 on account and collected $15,000 on account. She also wrote off uncollectible receivables of $2,080 on Fobruary 29,2016. Requirements 1. Use the direct wree-off method to journalize Valleys wite-off of the uncollectible teceivables. 2. What is Valley's balance of Accounts Recelvable at February 29, 2016? Requirement 1. Use the diect write-off method to joumalize Valoy's write-off of the uncollectible receivables. (Record debits frat, then credits. Seloct ino explanation on the last line of the joumal entry take.)

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