Peterson uses the direct write-off method to account for uncollectible receivables. At January 31, 2014, Peterson’s accounts receivable totaled $ 15,000. During February, he earned revenue of $ 18,000 on account and collected $ 19,000 on account. He also wrote off uncollectible receivables of $ 1,800 on February 28, 2014. Requirements 1. Use the direct write- off method to journalize Peterson’s write-off of the uncollectible receivables. 2. What is Peterson’s balance of Accounts Receivable at February 28, 2014? View Solution: