Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables, Mar. 17: Received $2,950 from William Pruitt and wrote

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables, Mar. 17: Received $2,950 from William Pruitt and wrote off the remainder owed of $6,430 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of William Pruitt and received $6,430 cash in full payment. July 29 July 29 00 38

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