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Allowance method

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

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Mar. $17$: Received $$2,680$ from Shawn McNeely and wrote off the remainder owed of $$2,060$ as uncollectible. If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Mar. $17$

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July $29$: Reinstated the account of Shawn McNeely and received $$2,060$ cash in full payment.