Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectiblereceivables. Oct. 2: Received $2,060 from Ian Kearns and wrote off the

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectiblereceivables.

Oct. 2: Received $2,060 from Ian Kearns and wrote off the remainder owed of $3,810 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 $3,810 cash in full payment.

ReinstateCollection

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