Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for...
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Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Oct. 2: Received $2,450 from William Pruitt and wrote off the remainder owed of $2,920 as uncollectible. If an amount box does net require an entry, leave it blank Oct. 2 Dec. 20: Reinstated the account of William Pruitt and received $2,920 cash in full payment. Reinstate Collection
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