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Apr. $15.$ Received $$1,800$ from Joe Brown and wrote off the remainder owed of $$2,700$ as uncollectible.

Aug. $7.$ Reinstated the account of Joe Brown and received $$2,700$ cash in full payment.

Required:

Journalize the above transactions, using the direct write$-$off method of accounting for uncollectible receivables. Refer to the chart of accounts for

the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or

credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS

General Ledger

ASSETS

$110$ Cash

$111$ Petty Cash

$121$ Accounts Receivable$-$Joe Brown

$129$ Allowance for Doubtful Accounts

$131$ Interest Receivable

$132$ Notes Receivable

$141$ Merchandise Inventory

$145$ Office Supplies

$146$ Store Supplies

$151$ Prepaid Insurance

$181$ Land

$191$ Store Equipment

$192$ Accumulated Depreciation$-$Store Equipment

$193$ Office Equipment

$194$ Accumulated Depreciation$-$Office Equipment

LIABILITIES

$210$ Accounts Payable

$211$ Salaries Payable

$213$ Sales Tax Payable

$214$ Interest Payable

REVENUE

$410$ Sales

$610$ Interest Revenue

EXPENSES

$510$ Cost of Merchandise Sold

$520$ Sales Salaries Expense

$521$ Advertising Expense

$522$ Depreciation Expense$-$Store Equipment

$523$ Delivery Expense

$524$ Repairs Expense

$529$ Selling Expenses

$530$ Office Salaries Expense

$531$ Rent Expense

$532$ Depreciation Expense$-$Office Equipment

$533$ Insurance Expense

$534$ Office Supplies Expense

$535$ Store Supplies Expense

$536$ Credit Card Expense

$537$ Cash Short and Over

$538$ Bad Debt Expense

$539$ Miscellaneous Expenseline on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

PAGE $1$

JOURNAL

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