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Question 9.2: Allowance Method Journalize the following transactions using......

Allowance Method

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

July  9.   Received $1,200 from Jay Burke and wrote off the remainder owed of $3,900 as uncollectible.

Oct.  11.   Reinstated the account of Jay Burke and received $3,900 cash in full payment.

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July     9        Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     1,200

  Allowance for Doubtful Accounts . . . . . . . . . . .    3,900

  Accounts Receivable—Jay Burke . . . . . .                    5,100

Oct.      11      Accounts Receivable—Jay Burke. . . . . . . . . . . .    3,900

  Allowance for Doubtful Accounts. . . . . . .                  3,900

   11      Cash . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . .    3,900

Accounts Receivable—Jay Burke . . . . . . . .                  3,900

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