QS 9-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31 , it wrote off an $1,200 account of a customer, C. Green. On March 9 , it receives a $700 payment from Green. 1. Prepare the journal entry for January 31 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. Journal entry worksheet 3 Record the write-off of Green's $1,200 account Note: Enter debits before credits