Feingold Corporation uses the direct write-off method of accounting for uncollectible accounts. On February 2, 2013, after making numerous efforts to collect $2,400 from a customer, the company wrote off the account. On April 1, 2013, the customer paid the $2,000 to Feingold. Make the appropriate entries to 1) write off the account; 2) reestablish the account receivable; and 3) to record the collection.

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The Answer of Feingold Corporation uses the direct write-off method of accounting for uncollectible accounts. On February 2, 2013, after making numerous efforts to collect $2,400 from a customer, the company wrote off the account. On April 1, 2013, the customer paid the $2,000 to Feingold. Make the appropriate entries to 1) write off the account; 2) reestablish the account receivable; and 3) to record the collection.

Feingold Corporation Uses the Direct Write-Off Method of Accounting for Uncollectible