Question: Question Content Area Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Question Content Area Apr. 1 Sold merchandise on account

Question Content Area
Journalize the following transactions using the allowance method of accounting for uncollectible receivables.
Question Content Area
Apr. 1 Sold merchandise on account to Jim Dobbs, $7,200. The cost of the merchandise sold is $5,400. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
Apr. 1
Apr. 1
Question Content Area
June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder as uncollectible. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
June 10
Question Content Area
Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
Oct. 11
Oct. 11

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