Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: A) June 2. Received $1,200 from Melissa Crone and wrote

Allowance Method

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

A) June 2. Received $1,200 from Melissa Crone and wrote off the remainder owed of $4,000 as uncollectible

B) Oct. 9. Reinstated the account of Melissa Crone and received $4,000 cash in full payment

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