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. mar. 17 july 29. reinstated the account of shawn mcneely and received $1,000 cash in full payment. july 29. july 29.

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.