Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Question Content Area Mar. 17. Received $325 from Shawn McNeely and wrote off the remainder owed of $500 as uncollectible. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Mar. 17 - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area July 29. Reinstated the account of Shawn McNeely and received $500 cash in full payment. If an amount box does not require an entry, leave it blank. Date Account Debit Credit July 29 - Select - - Select - - Select - - Select - July 29 - Select - - Select -

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Question Content Area Mar. 17. Received $325 from Shawn McNeely and wrote off the remainder owed of $500 as uncollectible. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Mar. 17 - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area July 29. Reinstated the account of Shawn McNeely and received $500 cash in full payment. If an amount box does not require an entry, leave it blank. Date Account Debit Credit July 29 - Select - - Select - - Select - - Select - July 29 - Select - - Select -

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 7SEA: COLLECTION OF ACCOUNT WRITTEN OFFDIRECT WRITE-OFF METHOD Comos Music Store uses the direct write-off...

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Question Content Area

Mar. 17. Received $325 from Shawn McNeely and wrote off the remainder owed of $500 as uncollectible. If an amount box does not require an entry, leave it blank.

Date	Debit	Credit
Mar. 17	- Select -	- Select -
	- Select -	- Select -
	- Select -	- Select -

Question Content Area

July 29. Reinstated the account of Shawn McNeely and received $500 cash in full payment. If an amount box does not require an entry, leave it blank.

Date	Debit	Credit
July 29	- Select -	- Select -
	- Select -	- Select -
July 29	- Select -	- Select -
	- Select -	- Select -

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