Entries for Uncoliectible Rixvivabler, uning Alowance Method Joumalize the following transactions in the accounts of Sedona interiors Company, a Rectairant Supply Compaty that uses the allowance method of aceounting for uncelectible recenables: May 1. Sold merchandise on account to Bejing Palace Coy $18,900. The cost of the merthandise sold was $11,200. Aug. 30. Recelved $8,000 from Beiging Polace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Dec. 8. Peinstated the account of Beiging Pelace. Co. that had been written olf on Aagust 30 and recenved $10,900 cash in full payrnent