Entries for Uncollectible flecelvables, using Alowance Method Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables: May 1. Sold merchandise on account to Taiwan Palace Co. $25,800. The cost of the merchandise sold was $15,300. Aug. 30. Recelved $10,900 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Dec, 8. Reinstated the account of Taiwan Palace Co. that had been wrikten off on August 30 and received $14,900 cash in full payment. If an amount box does not require an entry, leave it blank