allowance method

Print Item Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $3,330 from Paula Spitler and wrote off the remainder owed of $7,960 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 $7,960 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate II I Collection