Direct write-off method of accounting problem

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Reference no: EM13258795

Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.

Feb 12 Received $750 from Manning Wingard and wroteoff the remainder owed of $2,000 as uncollectible

June 30 Reinstated the account of Manning Wingard and received$2,000 in full payment.

B. Jouranlize th e following transaction usingthe allowance method of accounting for uncollectiblereceivables.

Feb. 12 Received $750 from Manning Wingard and wrote offthe remainder owed of $2,000 as uncollectible.

June 30 Reinstated the account of Manning Wingard andreceive $2,000 cash in full payment

Reference no: EM13258795

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