11. Journalize the above transactions in the accounts of Sedona Interiors Company, company that uses the allowance method of accounting for a restaurant supply for uncollectible receivables. May 1. ol merchandise on account to Beijing Palace Co., s18,900. The cost of the merchandise sold was $11,200. Aug. 30. Received $8,000 from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Reinstated the account of Beijing Palace Co. that had ben written off on August 30 and received $10,900 cash in full payment. Dec. 8. JOURNAL TESTURNA CREDIT | DEBIT POST. DATE DESCRIPTION