Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Mar. 17. Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. If an amount box does not require an entry, leave it blank.

Journal Entry

Date                     Particulars                     Debit            Credit

Mar. 17                       Cash                          $275          

                          Bad Debts                     $ 1000

                          Accounts Receivable( Shawn McNeely) $1275

As cash is received and also bad debts are written off from the same person a combined entry can be made for the accounts receivable.

When direct write off method is used the allowance for uncollectibles is not created. The bad debts are directly written off against the accounts receivable.

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