accounting for uncollectible receivables: May 1. Aug. 30. Dec. 8. Sold merchandise on account to Taiwan Palace Co., $15,200. The cost of the merchandise sold was $10,900. Received $3,000 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $12,200 cash in full payment. If an amount box does not require an entry, leave it blank. May 1-sale Accounts Receivable-Taiwan Palace Co. 15,200 0 Sales 0 15,200 May 1-cost Cost of Merchandise Sold Merchandise Inventory Aug. 30 Cash Allowance for Doubtful Accounts Accounts Receivable-Taiwan Palace Co. Dec. 8-reinstated Accounts Receivable-Taiwan Palace Co. Allowance for Doubtful Accounts Dec. 8-collection Cash Accounts Receivable-Taiwan Palace Co. 10,900 0 0 10,900 12,200 X