Question: Car Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,800 from Ian Kearns and wrote

Car Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,800 from Ian Kearns and wrote off the remainder owed of $2,630 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Ian Kearns and received $2,630 cash Reinstate of Lan Kearns and on and retino 12.490 cost Collection

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