One of your customers, Jim Dobbs, owes you $5,200.

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One of your customers, Jim Dobbs, owes you $5,200. Please write the journal entries for the following transactions using the allowance method of accounting for uncollectible receivables:
a) June 9 – Received $1,000 from Jim Dobbs.

b) June 10 – Jim Dobbs informed you that he cannot pay the remaining balance, so you wrote off the remainder owed of $4,200.

c) Oct. 11 – Reinstated the account of Jim Dobbs and received $4,200 cash in full payment.

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