Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables, Mar. 17: Received $3,230 from Keith MacPhearson 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, Mar. 17: Received $3,230 from Keith MacPhearson and wrote off the remainder owed of $5,070 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 lll July 29: Reinstated the account of Keith MacPhearson and received $5,070 cash in full payment. 100 DO Reinstate Collection

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