Question 9.2: Allowance Method Journalize the following transactions, usin...
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 . . . . . . . . . . . . . . . ....