Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $3,470 from Keith MacPhearson and wrote off the remainder owed of $4,510 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 89 Dec. 20. Reinstated the account of Keith MacPhearson and received $4,510 cash in full payment. Reinstate Collection