Question: Journalize the following transactions using the allowance method of accounting for uncollectible receivables: Sept. 19. Received $100 from Pat Roark and wrote off the remainder
Journalize the following transactions using the allowance method of accounting for uncollectible receivables:
Sept. 19. Received $100 from Pat Roark and wrote off the remainder owed of $500 as uncollectible.
Dec. 20. Reinstated the account of Pat Roark and received $500 cash in full payment.
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