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Accounting

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Show Me How Calculator Entries for Uncollectible Accounts, using Direct Write-Off Method Jounalize the following transactions in the accounts of Champion Medical Co., a medical equipment company thst uses the direct wrte-off method of accounting for uncollectible receivables. an. 19. Sold merchandise on account to Dr. Dale Van Dyken, $30,000. The cost of the merchandise sold was $20,500. Duly 7. Received $12,000 from Dr. Dale Van Dyken and wrote off the remainder owed on the sale of 3anuary 19 as uncollectible. Nov. 2. Reinstated the account of Dr. Dale Van Dyken that had been written off on July 7 and received s18,000 cash in full payment. For a compound transaction, if an amount box does not require an entry, leave it biank Jan. 19-sale Jan. 19-cost July 7 Nov. 2-reinstate Now, 2-collection Check Wy Work 3 more Check My Viork uses remaining

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