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Journaiure the following transactions using the allowonce method of accounting for uncollectible receivables: Apr. 1 Sold merchandise-on account to Jim Dobbs, $7,770. The cost of
Journaiure the following transactions using the allowonce method of accounting for uncollectible receivables: Apr. 1 Sold merchandise-on account to Jim Dobbs, $7,770. The cost of the merchondise is 53,885 , If an amount box does not require an entry, leave it blank. Apr. 1 Apr, 1 June 10 Recelved payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not require an entry, leave it blank. June 10 Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment. If an amount box does not require an entry, leave it blank: Oct. 11
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