Question: Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,500 from Keith MacPhearson and wrote off the remainder

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,500 from Keith MacPhearson and wrote off the remainder owed of $7,530 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of Keith MacPhearson and received $7,530 cash in full payment. Accounts Receivable-Keith MacPhearson v Reinstate 7,530 Allowance for Doubtful ACCounts v Cash v Collection Accounts Receivable-Keith MacPhearson
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