2c Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables May 1 Sold merchandise on account to Taiwan Palace Co , $16,600 The cost of the merchandise sold was $12,000 Aug 30 Received $4,800 from Taiwan Palace Co and wrote off the remainder owed on the sale of May 1 as uncollectible Dec 8 Reinstated the account of Taiwan Palace Co that had been written off on August 30 and received $11,800 cash in full payment If an amount box does not require an entry, leave it blank May 1 sale Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co CashCost of Merchandise SoldSales Select Select Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co CashCost of Merchandise SoldSales Select Select May 1 cost Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales Select Select Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales Select Select Aug 30 Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co CashCost of Merchandise SoldMerchandise Inventory Select Select Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co Allowance for Doubtful AccountsCost of Merchandise SoldSales Select Select Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co Allowance for Doubtful AccountsCashCost of Merchandise Sold Select Select Dec 8 reinstated Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory Select Select Accounts Payable Taiwan Palace Co Accounts Receivable Taiwan Palace Co Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory Select Select Dec 8 collection Allowance for Doubtful AccountsAccounts Receivable Taiwan Palace Co Bad Debt ExpenseCashSales Select Select Allowance for Doubtful AccountsAccounts Receivable Taiwan Palace Co Bad Debt ExpenseCashSales Select Select

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2c Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses

2c Entries for Uncollectible Receivables, using Allowance Method

Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables:

May 1.	Sold merchandise on account to Taiwan Palace Co., $16,600. The cost of the merchandise sold was $12,000.
Aug. 30.	Received $4,800 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible.
Dec. 8.	Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $11,800 cash in full payment.

If an amount box does not require an entry, leave it blank.

May 1-sale	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldSales	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldSales	- Select -	- Select -
May 1-cost	Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales	- Select -	- Select -
	Allowance for Doubtful AccountsCashCost of Merchandise SoldMerchandise InventorySales	- Select -	- Select -
Aug. 30	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.CashCost of Merchandise SoldMerchandise Inventory	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsCost of Merchandise SoldSales	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsCashCost of Merchandise Sold	- Select -	- Select -
Dec. 8-reinstated	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory	- Select -	- Select -
	Accounts Payable-Taiwan Palace Co.Accounts Receivable-Taiwan Palace Co.Allowance for Doubtful AccountsBad Debt ExpenseMerchandise Inventory	- Select -	- Select -
Dec. 8-collection	Allowance for Doubtful AccountsAccounts Receivable-Taiwan Palace Co.Bad Debt ExpenseCashSales	- Select -	- Select -
	Allowance for Doubtful AccountsAccounts Receivable-Taiwan Palace Co.Bad Debt ExpenseCashSales	- Select -	- Select -