The note receivable dishonored in Discussion Question 9 is paid on December 30 by the maker, plus interest for 30 days at 9%. What entry should be made to record the receipt of the payment? Journalize...

The note receivable dishonored in Discussion Question 9 is paid on December 30 by the maker, plus interest for 30 days at 9%. What entry should be made to record the receipt of the payment?

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables:

June 2. Received $1,200 from Melissa Crone and wrote off the remainder owed of $4,000 as uncollectible.

Oct. 9. Reinstated the account of Melissa Crone and received $4,000 cash in full payment.