Question: Entries for Uncollectible Receivables, using Allowance Method May 2 4 Sold merchandise on account to Old Town Cafe $ 1 2 , 9 0 0

Entries for Uncollectible Receivables, using Allowance Method
May 24 Sold merchandise on account to Old Town Cafe $12,900. The cost of goods sold was $9,300.
Sept. 30 Received $3,500 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible.
Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $9,400 cash in full payment.
For a compound transaction, if an amount box does not require an entry, leave it blank.
Sept. 30
Dec. 7-reinstated Accounts Receivable-Old Town Cafe
Allowance for Doubtful Accounts ,vv
Dec. 7-collection
Accounts Receivable-Old Town Cafe
Entries for Uncollectible Receivables, using Allowance Method May 24 Sold merchandise

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