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Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,520 from Paula Spitler and wrote off
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,520 from Paula Spitler and wrote off the remainder owed of $4,810 as uncollectible. If an amount box does not re an entry, leave it blank. Oct. 2 Cash 2,520 Allowance for Doubtful Accounts 4.810 Accounts Receivable-Paula Spitler Dec. 20. Reinstated the account of Paula Spitler and received $4,810 cash in full payment. If an amount box does not require an entry, it blank. Reinstate II II I Collection
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