Atries for uncollectible receivables, using allowance method Instructions May 1 Aug 30. Journal Sold merchandise on account to Beijing Palace Co., 518,900. The cost of the merchandise sold was $11,200. Received $8,000 from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 un uncollectible Dec 8 Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received $10,900 cash in full payment Required: Journalize the above transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account tes mowables is the Chat of Bedona Inferiors Company General Ledger ABIETS 110 Cash 111 Patty Cash 121 Accounts Receivable-Beijing Palace Co. 129 Alowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supples 146 Stora Supplies 151 Prepaid Insurance 181 Land REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 520 Saing Expenses 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 532 Depreciation Expense-Office 216 LIABILITIES EQUITY Chart of Accounts Journal Journalize the transections in the accounts of Sedione Interiors Company a restaurant supply company that uses the allowance method of accounting for uncollectible receiver to the Chart of A ACCOUNTING EQUATION LALTIES JOURNAL Dat DESCRIPTION FOST A DENT CRED ASSETS