Question: Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Jan. 10 Sold merchandise on account to A. Avila, $12,000. The cost

Journalize the following transactions using the allowance method of accounting for

uncollectible receivables. Jan. 10 Sold merchandise on account to A. Avila, $12,000.

Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Jan. 10 Sold merchandise on account to A. Avila, $12,000. The cost of the merchandise is $9,200. June 10 Received payment for two-third of the receivable from A. Avila and wrote off the remainder. Oct. 11 Reinstated A. Avila's account and received cash in full payment

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