Allowances method of accounting for uncollectible receivable

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Journalize the following transactions using the allowances method of accounting for uncollectible receivables.

June 10 Received $1,100 from Jim Dobbs and wrote off the remainder owed of $4,000.

Oct 11 Reinstated the accounts of Jim Dobbs and received $4,000 cash in full payment.

Reference no: EM13146106

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