Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,390 from Keith MacPhearson and wrote

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,390 from Keith MacPhearson and wrote off the remainder owed of $4,780 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 Cash Allowance for Doubtful Accounts Accounts Receivable-Keith MacPhearson 000 Feedback > Check My Work When a customer account is identified as uncollectible, it is written off against the allowance account. July 29: Reinstated the account of Keith MacPhearson and received $4,780 cash in full payment. July 29 Accounts Receivable-Keith MacPhearson Allowance for Doubtful Accounts July 29 Cash Accounts Receivable-Keith MacPhearson 00 00

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