Instruction Using the allowance method of accounting for uncollectible receivables. Transactions: 10 June Oct. Sold merchandise on account to Jim Dobbs, $8,700. The cost of the merchandise is $3,480 Received payifient for one-third of the recolvable from Jim Dobbs and wrote off the remaindor. Reinstated the account of Jim Dobbs and received cash in full payment 11 Required: Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest dollar amount