Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar....
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Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,650 from Ian Kearns and wrote off the remainder owed of $5,110 as uncollectible. If an amount box does not require an entry, leave it blank Mar. 17 July 29: Reinstated the account of Ian Kearns and received $5, 110 cash in full payment. July 29 July 29
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