Allowance method

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

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Mar. 17: Received $2,430 from Shawn McNeely and wrote off the remainder owed of $3,160 as uncollectible. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Mar. 17	Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyBad Debt ExpenseCashSales	- Select -	- Select -
	Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseSales	- Select -	- Select -
	Accounts Payable-Shawn McNeelyAccounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseCash	- Select -	- Select -

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July 29: Reinstated the account of Shawn McNeely and received $3,160 cash in full payment.

Date	Account	Debit	Credit
July 29	Accounts Receivable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales	- Select -	- Select -
	Accounts Payable-Shawn McNeelyAllowance for Doubtful AccountsBad Debt ExpenseDividendsSales	- Select -	- Select -
July 29	Accounts Payable-Shawn McNeelyAccumulated Depreciation-Office EquipmentBad Debt ExpenseCashSales	- Select -	- Select -
	Accounts Receivable-Shawn McNeelyAccumulated Depreciation-Office EquipmentBad Debt ExpenseCashSales	- Select -	- Select -