Chapter 8-08-04

cBook Show Me How Calculator Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectibl receivables: May 24 Sold merchandise on account to Old Town Cafe $16,800. The cost of goods sold was $12,100. Sept. 30 Received $4,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $12,800 cash in full payment. For a compound transaction, if an amount box does not require an entry, leave it blank. May 24-sale May 24-cost Sept. 30 1 III I I 110 Dec. 7-reinstated Check My Work Previous All work saved. Email Instructor Save and Exit Submit Assign O IT 99. EN eBook Show Me How Calculator WOMERCICIOS FUTE FOR MORE DOWN Sept. 30 Received $4,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 a Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and receive For a compound transaction, if an amount box does not require an entry, leave it blank. May 24-sale May 24-cost Sept. 30 A Dec. 7-reinstated Dec. 7-collection Check My Work All work saved. o en a 99 DOLL