Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Question Content Area Oct. 2. Received $3,030 from William Pruitt and wrote off the remainder owed of $2,450 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area Dec. 20. Reinstated the account of William Pruitt and received $2,450 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Collection

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Question Content Area Oct. 2. Received $3,030 from William Pruitt and wrote off the remainder owed of $2,450 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area Dec. 20. Reinstated the account of William Pruitt and received $2,450 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Collection

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 7SEA: COLLECTION OF ACCOUNT WRITTEN OFFDIRECT WRITE-OFF METHOD Comos Music Store uses the direct write-off...

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Question Content Area

Oct. 2. Received $3,030 from William Pruitt and wrote off the remainder owed of $2,450 as uncollectible. If an amount box does not require an entry, leave it blank.

Oct. 2	- Select -	- Select -
	- Select -	- Select -
	- Select -	- Select -

Question Content Area

Dec. 20. Reinstated the account of William Pruitt and received $2,450 cash in full payment. If an amount box does not require an entry, leave it blank.

Reinstate

Collection

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