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Check my work Exercise 7-9 Writing off receivables LO P2 Daley Company estimates uncollectible accounts...

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Check my work Exercise 7-9 Writing off receivables LO P2 Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total Accounts receivable Percent uncollectible 1 to 30 31 to 60 61 to 90 Over 90 $570,000 $396, 000 $90,000 $36,000 $18,000 $30,000 108 18 2% 58 7% ces a. On February 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5 of that next period, the company unexpectedly received a $900 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries necessary to reinstate the account and to record the cash received. View transaction list Journal entry worksheet The company determined that $6,800 in customer accounts is uncollectible;

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