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Journalize the transactions using the allowance method

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Problem - Allowance method - Journalize the following transactions using the allowance method of accounting for uncollectible receivables:

July 7. Received $500 from Betty Williams and wrote off the remainder owed of $2,000 as uncollectible.

Nov. 13. Reinstated the account of Betty Williams and received $2,000 cash in full payment.

Reference no: EM132681408

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