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Journalize the following transaction using the direct write-off method of accounting for uncollectible receivables.

June 10 Received $1,200 from Jim Dobbs and wrote off the remainder owed of $4,200.

Oct. 11 Reinstated the account of Jim Dobbs and received $4,200 cash in full payment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403176

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