Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $8,700. The cost of the merchandise is $5,300. If an amount box does not require April 1 Accounts Receivable 8,700 Sales 8,700 April Cost of Goods Sold 5,300 Inventory 5,300 June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not requ June 10 Cash Allowance for Doubtful Accounts Accounts Receivable Jim Dobbs Oct. 11 Reinstated the account of Jim Dobbs and received $5.800 cash in full payment. If an amount box does not require an entry, les Oct. 11 Accounts Receivable-Jim Dobbs Allowance for Doubtful Accounts Oct 1 Cash Accounts Receivable Jim Dobbs M IS