^ 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. Aug. 30. Dec. 8. Sold merchandise on account to Taiwan Palace Co., $25,800. The cost of the merchandise sold was $15,300. Received $10,900 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $14,900 cash in full payment. If an amount box does not require an entry, leave it blank. May 1-sale May 1-cost Aug. 30 Dec. 8-reinstate Dec. 8-collection 00

Entries for Uncolectible Hecelvables; using Allowance Method Journalize the following vansactions in the accounts of Arizona Interiors Company, a Restourant Supply Company that uses the allowance method of accouriting for uncollectible receivables: May 1. Sold merchandise on account to Tawan Palace Co. 525,800 . The cost of the merchandise sold was $15, 300. Aug 30 Peceived $10,900 from Taiwan Palpce Co. and wrote off the remainder owed on the sale of May 1 as uncollectible: Dec 8. Reinstated the accourt of Tawan Palace Co. that had been written off on August 30 and received $14,900 cash in full poyment