E C Chegg Study | Guide Cengage v2 cengagenow.com/ilm can\'t reach this page Cen

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E C Chegg Study | Guide Cengage v2 cengagenow.com/ilm can't reach this page CengageNowv2 × Can't reach this page | Q ACG 2020 chapter 8 | + v LT X Assignmentain do?invoker-assignments takeAssignmen Session cator-assignment-takem Activity Take: Practice! Allowance Method Question 1 Allowance Method oumalize the following transactions, using the allowance method of accounting for uncollectible recelvables. Oct. 2: Received $2,380 from Ian Kearns and wrote off the remainder owed of $3,570 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of lan Kearns and recelved 3,570 cash in full payment. Relnstate Collection Submit Answer Try Another Version Save and Exit Submit Assignment for Grading Learni 12:49 PM 12/10/2017 20 Type here to search

Explanation / Answer

Date Accounts Titles Debit ($) Credit ($) Oct 2 Cash 2,380 Allowance for Doubtful Accounts 3,570 Accounts Receivable - Ian Kearns 5,950 Date Accounts Titles Debit ($) Credit ($) Dec 20 Reinstate Accounts Receivable - Ian Kearns 3,570 Allowance for Doubtful Accounts 3,570 Date Accounts Titles Debit ($) Credit ($) Dec 20 Collection Cash 3,570 Accounts Receivable - Ian Kearns 3,570

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