Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Question Content Area Oct. 2: Received $3,180 from Ian Kearns and wrote off the remainder owed of $4,170 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2   - Select - - Select -     - Select - - Select -     - Select - - Select -   Question Content Area Dec. 20: Reinstated the account of Ian Kearns and received $4,170 cash in full payment. If an amount box does not require an entry, leave it blank. Dec. 20-Reinstate   - Select - - Select -     - Select - - Select - Dec. 20-Collection

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

Question Content Area

Oct. 2: Received $3,180 from Ian Kearns and wrote off the remainder owed of $4,170 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2
 
- Select - - Select -
 
 
- Select - - Select -
 
 
- Select - - Select -
 

Question Content Area

Dec. 20: Reinstated the account of Ian Kearns and received $4,170 cash in full payment. If an amount box does not require an entry, leave it blank.

Dec. 20-Reinstate
 
- Select - - Select -
 
 
- Select - - Select -
Dec. 20-Collection
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