eBook Show Me How Calculator 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 account for uncollectible receivables May 24 Sold merchandise on account to Old Town Cafe, $9,800. The cost of goods sold was $7,100. Sept. 30 Received $2,400 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 $7,400 cash in full payment. If an amount box does not require an entry leave it blank. May 24-sale May 24- . Sept. 30 Dec 7-reinstate Previous Next Subsment for Grading MacBook Air 11 FE 30 19 DOOR F7 73 $ % & 7 * 00 9 0 6 4 T R Y U 0 NI May 24-cost Sept. 30 9 Accounting numeric field Dec. 7-reinstate Dec. 7-collection Check My Work tv MacBook Air DOO DDD 74 FS F6 F7 FB $ 4 * % 5 & 7 6 8 o
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