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Collection of Account Written off-Allowance Method Raynette Ramos, owner of Ramos Rentals, uses the allowance...

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Collection of Account Written off-Allowance Method Raynette Ramos, owner of Ramos Rentals, uses the allowance method in accounting for uncollectible accounts. Record the following transactions in general journal form in uly 9 Wrote off $6,262 owed by Sue Sanchez, who has no assets. Aug. 15 Wrote off $5,113 owed by Lonnie Jones, who declared bankruptcy. Sept. 23 Reinstated the account of Sue Sanchez, which had been written off on July 9, and received $6,262 cash in full settlement. If an amount box does not require an entry, leave it blank Page: 1 DOC. POST.DEBIT CREDIT NO. REF DATE ACCOUNT TITLE 6,262 1 20-3u.9 Allowance for Doubtful Accounts 6,262 2 Accounts Recelvable/S. Sanchez Wrote off uncollectible account Allowance for Doubtful Accounts Accounts Recelvable/L. Jones Wrote off uncollectible account 4 Aug. 15 5,113 113 5 7 Sep. 23 Reinstated account recevable 10 10 Sep. 23 12 12 Colection on account

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