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.