Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible recevables Oct 2. Received $2,040 from Keith MacPhearson and wrote off

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible recevables Oct 2. Received $2,040 from Keith MacPhearson and wrote off the remainder owed of $1,880 as uncollectible. If an amount box does not require an entry leave it blank Oct. 2 88 Dec. 20. Reinstated the account of Keith MacPhearson and received $1,880 cash in full payment. If an amount box does not require an entry, leave it blank Reinstate Collection

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