Entries for Uncollectble Recelvables, Using Anewance Methed Bournalize the foliewing transactions in the accounts of...
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Entries for Uncollectble Recelvables, Using Anewance Methed Bournalize the foliewing transactions in the accounts of Zippy Interiors Company o resteurant supply cempany that uses the allowance method of accopinting fir incollectible receivables: Mey 24 Sold merchandise on actount to Pid Town Cafe, $18,900. The cost of goods sold was $13,600 Sept 30. Received $6,500 from Did Tewn Cafe and wrote off the remainder oaed on the sale of May 24 as uncollectible. Dec.7. Reinstated the account of oid Town Cafe that had been written of on September 30 and received 514,400 cash in full barment
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