Allowance Method

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Oct. $2.$ Received $$2,690$ from Paula Spitler and wrote off the remainder owed of $$2,340$ as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. $2$

Dec. $20.$ Reinstated the account of Paula Spitler and received $$2,340$ cash in full payment. If an amount box does not require an entry, leave it blank.

Reinstate

Collection