Allowance method

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

Question Content Area

Mar. $17$: Received $$2,180$ from Shawn McNeely and wrote off the remainder owed of $$3,120$ as uncollectible. If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Mar. $17$

Question Content Area

July $29$: Reinstated the account of Shawn McNeely and received $$3,120$ cash in full payment.

DateAccountDebitCredit

July $29$

July $29$