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One of your customers, Jim Dobbs, owes you exist5,000. Please write the journal entries for the following transactions using the allowance method of accounting for

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One of your customers, Jim Dobbs, owes you exist5,000. Please write the journal entries for the following transactions using the allowance method of accounting for uncollectible receivables: a) June 10- Received exist1, 200 cash from Jim Dobbs b) June 11-you are informed that Jim Dobbs has declared bankruptcy, so you wrote off the remainder owed of exist3, 800. b) Oct. 11 - Reinstated the account of Jim Dobbs and received exist3, 800 cash in full payment

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