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Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Question Content Area April 1 Sold merchandise on account to Jim Dobbs,

Journalize the following transactions using the allowance method of accounting for uncollectible receivables.

Question Content Area

April 1 Sold merchandise on account to Jim Dobbs, $7,800. The cost of the merchandise is $8,000. If an amount box does not require an entry, leave it blank.

April 1
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April 1
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Question Content Area

June 10 Received 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
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Question Content Area

Oct. 11 Reinstated the account of Jim Dobbs and received $5,200 cash in full payment. If an amount box does not require an entry, leave it blank.

Oct. 11
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Oct. 11
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