Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,360 from Ian Kearns and wrote off the remainder owed of $2,570 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Ian Kearns and received $2,570 cash in full payment. Reinstate Collection Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,350 from Ian Kearns and wrote off the remainder owed of $5,830 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of Ian Kearns and received $5,830 cash in full payment. Dec. 20-Reinstate Dec. 20-Collection