Question: Allowance method Obj. 4 Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Mar. 17. Received $275 from Shawn McNeely and

Allowance method Obj. 4 Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Mar. 17. Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.

July 29. Reinstated the account of Shawn McNeely and received $1,000 cash in full payment.

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