Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $3,120 from Ian Kearns and wrote off

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $3,120 from Ian Kearns and wrote off the remainder owed of $7,180 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Cash Allowance for Doubtful Accounts Accounts Receivable-Ian Kearns Dec. 20. Reinstated the account of Ian Kearns and received $7,180 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Accounts Receivable-Ian Kearns Allowance for Doubtful Accounts Collection Cash Accounts Receivable-Ian Kearns

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