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Using the allowance method of accounting for uncollectible receivables. Apr. 1 June 10 Oct. 11...

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Accounting

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Using the allowance method of accounting for uncollectible receivables. Apr. 1 June 10 Oct. 11 Sold merchandise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400. Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. 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 titles

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