EX 8-4 Entries for uncollectible receivables, using allowance method Journalize the following transactions in the accounts of Dining Interiors Company, a res- taurant supply company that uses the allowance method of accounting for uncollectible receivables OBJ. 4 Apr. 2. Sold merchandise on account to Peking Palace Co., $41,900. The cost of the mer- June 9. Received $10,000 from Peking Palace Co. and wrote off the remainder owed on Oct. 31. Reinstated the account of Peking Palace Co. that had been written off on June9 chandise sold was $24,850. the sale of April 2 as uncollectible. and received $31,900 cash in full payment