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Journalize the transactions using the allowance method

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Reference no: EM133138328

Question - Allowance Method - Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Oct. 2. Received $1,830 from Ian Kearns and wrote off the remainder owed of $3,810 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2 Dec. 20. Reinstated the account of Ian Kearns and received $3,810 cash in full payment. If an amount box does not require an entry, leave it blank.

Reference no: EM133138328

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