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Business, 03.12.2019 18:31 lancaster4977p8mk46

Journalize the following transactions using the allowance method of accounting for uncollectible receivables. apr. 1 sold merchandise on account to jim dobbs, $7,200. the cost of the merchandise is $5,400. june 10 received payment for one-third of the receivable from jim dobbs and wrote off the remainder. oct. 11 reinstated the account of jim dobbs and received cash in full payment.

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