Allowance Method Joumalize the following transactions, using the allowance method of accounting for uncollectibles receivables Mar. 17 Received $2,400 from William Pruitt and wrote off the remainder owed of 34,130 as uncollectible. If an amount box does not require an entry leaves blank Mar. 17 July 29: Reinstated the account of William Pruitt and received $4,130 cash in full payment. July 29 July 29