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

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Accounting

Allowance method
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables.
Mar. 17: Received $2,670 from Shawn McNeely and wrote off the remainder owed of $5,420 as uncollectible. If an amount box does not require an entry, leave
it blank.
Mar. 17
i
July 29: Reinstated the account of Shawn McNeely and received $5,420 cash in full payment.
July 29
July 29
image

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