Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:Oct. 2. Received $600 from Rachel Elpel and wrote off the remainder owed of $1,350 as uncollectible.Dec. 20. Reinstated the account of Rachel Elpel and received $1,350 cash in full payment.

College Accounting (Book Only): A Career Approach
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ChapterB: Bad Debts
Section: Chapter Questions
Problem 3P: Nillsons Nursery uses the direct write-off method for recording bad debts. Required Journalize the...
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Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:
Oct. 2. Received $600 from Rachel Elpel and wrote off the remainder owed of $1,350 as uncollectible.
Dec. 20. Reinstated the account of Rachel Elpel and received $1,350 cash in full payment.

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