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Dournalize the following transactions, using the allowance method of accounting for uncoliectible recelvables. Mar. 17: Received $3,060 from Shawn McNeely and wrote off the remainder

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Dournalize the following transactions, using the allowance method of accounting for uncoliectible recelvables. Mar. 17: Received $3,060 from Shawn McNeely and wrote off the remainder owed of $5,020 as uncollectible. If an amount box does not require an entry, ieave it blank July 29: Reinstated the account of Shawn McNeely and received $5,020 cash in full payment

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