Collection of Accounts Written off-Allowance Method Julia Alvarez, owner of Alvarez Rentals, uses the allowance method in accounting for uncollectible accounts. July 7 Wrote off $5,300 owed by Randy Dalzell, who has no assets. Aug. 12 Wrote off $2,900 owed by Jason Flint, who declared bankruptcy. Sept. 27 Reinstated the account of Randy Dalzell, which had been written off on July 7, and received $5,300 cash in full settlement. 1. Record the transactions in general journal form. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Jul. 7 2 3 Wrote off uncollectible account 4 Aug. 12 5 67 7 Sep. 27 Wrote off uncollectible account 8 O 10 Sep. 27 11 Reinstated account receivable 1 2 4 7 8 9 10 11 July 7 Wrote off $5,300 owed by Randy Dalzell, who has no assets. Aug. 12 Wrote off $2,900 owed by Jason Flint, who declared bankruptcy. Sept. 27 Reinstated the account of Randy Dalzell, which had been written off on July 7, and received $5,300 cash in full settlement. 1. Record the transactions in general journal form. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Jul. 7 2 3 Wrote off uncollectible account 4 Aug. 12 5 1 10 6 Wrote off uncollectible account 7 Sep. 27 8 B 9 Reinstated account receivable 9 10 Sep. 27 11 12 Collection on account 2345 N 10 11 12