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Company uses the direct write-off method to account for uncollectible receivables. On April 18, Wears wrote off a $ 6 comma 100 account receivable from customer W. Jalan. On May 24, Wears unexpectedly received full payment from Jalan on the previously written off account. 7. Journalize Wears's write-off on the uncollectible receivable. 8. Journalize Wears's collection of the previously written off receivable.
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Company uses the direct write-off method to account for uncollectible receivables. On April 18, Wear...
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