Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Oct 2 Received $2,450 from Paula Spitler and wrote off the remainder owed of $3,580 as uncollectible If an amount box does not require an entry, leave it blank Oct 2 Cash Allowance for Doubtful Accounts Accounts Receivable Paula Spitler Feedback When a customer account is identified as uncollectible, it is written off against the allowance account Dec 20 Reinstated the account of Paula Spitler and received $3,580 cash in full payment Reinstate Collection

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Question: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,450 from Paula Spitler and wrote off

Allowance Method

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

Oct. 2. Received $2,450 from Paula Spitler and wrote off the remainder owed of $3,580 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2	Cash
	Allowance for Doubtful Accounts
	Accounts Receivable-Paula Spitler

Feedback

When a customer account is identified as uncollectible, it is written-off against the allowance account.

Dec. 20. Reinstated the account of Paula Spitler and received $3,580 cash in full payment.

Reinstate

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