Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.
Feb 12 Received $750 from Manning Wingard and wroteoff the remainder owed of $2,000 as uncollectible
June 30 Reinstated the account of Manning Wingard and received$2,000 in full payment.
B. Jouranlize th e following transaction usingthe allowance method of accounting for uncollectiblereceivables.
Feb. 12 Received $750 from Manning Wingard and wrote offthe remainder owed of $2,000 as uncollectible.
June 30 Reinstated the account of Manning Wingard andreceive $2,000 cash in full payment