Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Oct. 2. Received $2,930 from Keith MacPhearson and wrote off the remainder owed of $2,900 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Keith MacPhearson and received $2,900 cash in full payment, Reinstate Collection