Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,160 from lan Kearns and wrote

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,160 from lan Kearns and wrote off the remainder owed of $4,130 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of lan Kearns and received $4,130 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Collection 38

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