Calculator Entries for uncollectible receivables, using allowance method Journal Chart of Accounts Sold merchandise on account to Beijing Palace Co., $18,900. The cost of the merchandise sold was May 1. $11,200. Aug. 30. Received $8,000 from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 as Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received Dec. 8. $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 recelvables. Refer to the Chart of Accounts for exact wording of account titiles