Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables, Mar. 17: Received $3,230 from Keith MacPhearson and wrote off the remainder owed of $5,070 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 lll July 29: Reinstated the account of Keith MacPhearson and received $5,070 cash in full payment. 100 DO Reinstate Collection