Journalize the following transactions in the accounts of Simply Yummy Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
Jan. 13 Sold merchandise on account to Lynn Berry, $16,000. The cost of the merchandise sold was $9,400.
Feb. 12 Received $4,000 from Lynn Berry and wrote off the remainder owed on the sale of January 13 as uncollectible.
July 3 Reinstated the account of Lynn Berry that had been written off on February 12 and received $12,000 cash in full payment.