Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Feb. 12. Received $800

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Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Feb. 12. Received $800 from Leo Jorgenson and wrote off the remainder owed of $2,400 as uncollectible.
May 3. Reinstated the account of Leo Jorgenson and received $2,400 cash in full payment.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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