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Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $2,510 from Shawn McNeely and wrote off the remainder
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $2,510 from Shawn McNeely and wrote off the remainder owed of $5,850 as uncollectible. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Mar. 17 July 29: Reinstated the account of Shawn McNeely and received $5,850 cash in full payment. Date Account Debit Credit July 29 July 29
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