Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible recelvables: Oct. 2. Recelved $1,850 from Ian Kearns and wrote off the remainder owed of $4,270 as uncollectible. If an amount box does not require an entry, leave it blank. Oct: 2 Dec. 20, Reinstated the account of tan Kearns and recelved $4,270 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Collection