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Journalize the transactions in the accounts of Jones Corporation using the allowance method of handling uncollectible accounts.

Journalize the transactions in the accounts of Jones Corporation using the allowance method of handling uncollectible accounts.

Feb 3    Sold merchandise on account to Jane Rogers, $17,340. The cost of the merchandise sold was $9,500.

Sept 10 Received $5,000 from Jane Rogers on account.

Nov 30 Wrote off the remaining balance of Jane Rogers as uncollectible.

Dec 15 Received $7,000 from Jane Rogers on the account previously written off. Remember to first reinstate the account.

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