2c Entries for Uncollectible Receivables, using Allowance Method

Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables:

May 1.	Sold merchandise on account to Taiwan Palace Co., $16,600. The cost of the merchandise sold was $12,000.
Aug. 30.	Received $4,800 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible.
Dec. 8.	Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $11,800 cash in full payment.

If an amount box does not require an entry, leave it blank.

May 1-sale	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldSales	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldSales	- Select -	- Select -
May 1-cost	Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales	- Select -	- Select -
	Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales	- Select -	- Select -
Aug. 30	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldMerchandise Inventory	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsCost of Merchandise SoldSales	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsCashCost of Merchandise Sold	- Select -	- Select -
Dec. 8-reinstated	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory	- Select -	- Select -
Dec. 8-collection	Allowance for Doubtful AccountsAccounts Receivable-Taiwan Palace Co.Bad Debt ExpenseCashSales	- Select -	- Select -
	Allowance for Doubtful AccountsAccounts Receivable-Taiwan Palace Co.Bad Debt ExpenseCashSales	- Select -	- Select -