Journalize the following transactions in the accounts of Dining Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
Apr. 2. Sold merchandise on account to Peking Palace Co., $41,900. The cost of the merchandise sold was $24,850.
June 9. Received $10,000 from Peking Palace Co. and wrote off the remainder owed on the sale of April 2 as uncollectible.
Oct. 31. Reinstated the account of Peking Palace Co. that had been written off on June 9 and received $31,900 cash in full payment.