Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables.
Mar. 17: Received $1,980 from Paula Spitler and wrote off the remainder owed of $1,210 as uncollectible. If an amount box does not require an entry, leave it blank.
July 29: Reinstated the account of Paula Spitler and received $1,210 cash in full payment.
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Oct. 2. Received $2,230 from Paula Spitler and wrote off the remainder owed of $2,830 as uncollectible. If an amount box does not require an entry, leave it blank.
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