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S8-3 Applying the direct write-off method to account for uncollectibles Shawna Valley is an attorney...

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Accounting

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S8-3 Applying the direct write-off method to account for uncollectibles Shawna Valley is an attorney in Los Angeles., Valley uses the direct write-off method to account for uncollectible receivables. At April 30, 2018, Valley's accounts receivable totaled $19,000. During May, she earned revenue of $22,000 on account and collected $15,000 on account. She also wrote off uncollectible receivables of $1,100 on May 31, 2018. Requirements 1. Use the direct write-off method to journalize Valley's write-off of the uncollectible receivables. 2. What is Valley's balance of Accounts Receivable at May 31, 2018

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