Instruction Chart of Accounts General Journal Instruction Using the allowance method of accounting for uncollectible receivables Transactions: April 1 Sold merchandise on account to Jim Dobbs, $8,900. The cost of the merchandise is $3,500 June 10 Oct 11 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder Reinstated the account of Jim Dobbs and received cash in full payment Required: Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account sites. Round your answers to nearest dollar amount