Allowance Method

Journalize the following transactions, using the allowance method of accounting for uncollectible recelvables.

Mar. $17$: Received $$3,150$ from Keith MacPhearson and wrote off the remainder owed of $$2,870$ as uncollectible. If an amount box does not require an entry, leave it blank.

Mar. $17$

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July $29$: Reinstated the account of Keith MacPhearson and received $$2,870$ cash in full payment.

July $29$

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July $29$

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