Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

 PE 9-2A
Allowance Method

EE 9-2 Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Apr.    15.    Received $1,800 from Joe Brown and wrote off the remainder owed of $2,700 as uncollectible.
Aug.    7.    Reinstated the account of Joe Brown and received $2,700 cash in full payment.

 

Date	Particulars	Debit	Credit
15-Apr	Cash	$1,800
	Allowance for Doubtful accounts	$2,700
	To Accounts Receivable		$4,500
	(To record Cash received and balance written off)
15-Apr	Accounts Receivable	$2,700
	To Allowance for Doubtful accounts		$2,700
	(To reinstate the account)
7-Aug	Cash	$2,700
	To Accounts Receivable		$2,700
	(To record Cash received in full payment)

Thanks