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Journalize the transactions using direct write-off method

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Problem - Direct write-off method  - Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables:

Jan. 17. Received $250 from Ian Kearns and wrote off the remainder owed of $750 as uncollectible.

Apr. 6. Reinstated the account of Ian Kearns and received $750 cash in full payment.

Reference no: EM132877192

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