Prepare two separate journal entries. The first journal entry is to record the reinstatement of the account receivable and the second is to record the receipt of cash. Journal entry worksheet 2 Prepare the journal entry to record the reinstatement of the account receivable Note: Enter debis before credits Journal entry worksheet Prepare the journal entry to record the receipt of cash. Note: Enter debits before credits. Knowledge Check 01 On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its ci/5tomers. On January 15 in the next year, a check in the amount of $600 was unexpectedly recelved from this customer. Management does not expect any future collections from this customer. The compony uses the allowance method to account for its uncollectible accounts Prepare the necessary journal entry on January is to record the events by selecting the account names from the drop-down menus and entering the dollat amounts in the debit or credit columns Prepare two seporate jounal entries. The first journal entry is to record the reimstatement of the account receivable and the second is to record the receipt of cash