Eirtries for Unsollectible Receivables, using Alowance Method Kay 24 soid merchiendise on account to 0ld Town Cafe, $15,700, The cost of goods sold nas $11,300. Sept, 30 Peceived 63,000 from old Towe Cate and wrote off the remunder owed on the sale of May 24 as uncollectible. Dec. 7 Reinsteted the becount of oid Town Cafe that had been written off on September 30 and received $11,900 cast in full payment