Wadas Company uses the direct write-off method to account for uncollectible rece

Question

Wadas Company uses the direct write-off method to account for uncollectible receivables. On September 18, Wadas wrote off a $6,000 account receivable from customer W. Jeter. On October 24, Wadas unexpectedly received full payment from Jeter on the previously written off account 3. Journalize Wadas's write-off on the uncollectible receivable. 4. Journalize Wadas's collection of the previously written off receivable. 3. Joumalize Wadas's write-off on the uncollectible receivable. (Record debits first, then, credits. Select the explanation on the last ine of the journal entry table.) Debit Credit Date Accounts and Explanation Sept. 18 fhom any list or enter any number in the input fields and then click Check Answer

Explanation / Answer

JOURNAL ENTRIES:

DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT Sept 18 Uncollectible Receivables written off 6,000 Accounts Receivables 6,000 Oct 24 Accounts Receivables 6,000 Uncollectible receivables written off 6,000

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.