Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,520 from Paula Spitler 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 $2,520 from Paula Spitler and wrote off the remainder owed of $4,810 as uncollectible. If an amount box does not re an entry, leave it blank. Oct. 2 Cash 2,520 Allowance for Doubtful Accounts 4.810 Accounts Receivable-Paula Spitler Dec. 20. Reinstated the account of Paula Spitler and received $4,810 cash in full payment. If an amount box does not require an entry, it blank. Reinstate II II I Collection

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