Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,760 from Paula Spitler and wrote off
Allowance Method
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Oct. 2. Received $2,760 from Paula Spitler and wrote off the remainder owed of $5,990 as uncollectible. If an amount box does not require an entry, leave it blank.
| Oct. 2 | fill in the blank 821086086021fbc_2 | fill in the blank 821086086021fbc_3 | |
Dec. 20. Reinstated the account of Paula Spitler and received $5,990 cash in full payment. If an amount box does not require an entry, leave it blank.
| Reinstate | fill in the blank 62360202f03c054_2 | fill in the blank 62360202f03c054_3 | |
| Collection | |||
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