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Foley's Furniture Repair had trouble collecting its account receivable from Samantha Michaels. On June 19,...

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Foley's Furniture Repair had trouble collecting its account receivable from Samantha Michaels. On June 19, 2024, Foley's Furniture Repair finally wrote off Michaels' $550 account receivable. On December 31 , Michaels sent a $550 check to Foley's Furniture Repair. Journalize the entries required for Foley's Furniture Repair, assuming Foley's Furniture Repair uses the direct write-off method. On June 19, 2024, Foley's Furniture Repair wrote off Michaels' $550 account receivable. Journalize the entry.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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