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Chapter 8 Homework 2 Direct Write-off Method Journalize the following transactions, using the direct write-off...

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Chapter 8 Homework 2 Direct Write-off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,980 from Paula Spitler and wrote off the remainder owed of $3,490 as uncollectible. If an amount box does not require an entry, leave it blank. Mar 17 Cash Bad Debt Expense Accounts Receivable-Paula Spitler Feedback Check My Wom Remember that under the direct write-off method, Bad Debt Expense is not recorded until the customer's account is determined to be worthless. July 29: Reinstated the account of Paula Spitler and received $3,490 cash in full payment. July 29 Accounts Receivable-Paula Spitler Bad Debt Expense July 29 Cash Accounts Recevable-Paula Splitter Feedback Check My Wor In such cases where an account receivable that has been written off is later collected, the account is reinstated. Then record the payment for the account. Feedback TO Partially correct

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