Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24 Sold merchandise on account to Old Town Cafe, $13,900. The cost of goods sold was $10,000. Sept. 30 Received $2,800 from Old Town Cafe and wrote off the remainder owed on the sale 24 as uncollectible. Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $11,100 cash in full payment. If an amount box does not require an entry, leave it blank