Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,300 from Ian Kearns and wrote off

Allowance Method Journalize the following transactions, using the allowance method of

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,300 from Ian Kearns and wrote off the remainder owed of $5,660 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 $5,660 cash in full payment. Reinstate Collection

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