Using the allowance method of accounting for uncollectible receivables. Apri1 Sold merchandise on account to Jim Dobbs, $8,400. The cost of the merchandise is $3,360 June 10 Received payment for one-third of the receivable from Jim Dotbs and wrote of the remainder Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment Required Journalize the above transactions Refer to the Chart of Accounts for exact wording of account tities. Round your answers to nearest dollar amount