Answer:
Mar. 17
Dr Cash $275
Dr Allowance for uncollectible accounts $1,000
Cr Accounts receivables $1,275
July 29
Dr Accounts receivables $1,000
Cr Bad Debts expense $1,000
Dr Cash $1,000
Cr Accounts receivables $1,000
Explanation:
Preparation of the journal entries using the direct write-off method of accounting for uncollectible receivables
Mar. 17
Dr Cash $275
Dr Allowance for uncollectible accounts $1,000
Cr Accounts receivables $1,275
($275+$1,000)
July 29
Dr Accounts receivables $1,000
Cr Bad Debts expense $1,000
Dr Cash $1,000
Cr Accounts receivables $1,000
