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Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts...

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Accounting

Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Canyon River Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Jan. 19 Sold merchandise on account to Dr. Kyle Norby, $43,600. The cost of goods sold was $23,500. June 2 Received $10,500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollectible. Oct. 23 Reinstated the account

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