1. 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 uncollectible receivables:

   May 24	Sold merchandise on account to Old Town Cafe, $18,100. The cost of goods sold was $13,000.
   Sept. 30	Received $4,700 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 $13,400 cash in full payment.

   If an amount box does not require an entry, leave it blank.

   May 24-sale		fill in the blank 2	fill in the blank 3
   		fill in the blank 5	fill in the blank 6
   May 24-cost		fill in the blank 8	fill in the blank 9
   		fill in the blank 11	fill in the blank 12
   Sept. 30		fill in the blank 14	fill in the blank 15
   		fill in the blank 17	fill in the blank 18
   		fill in the blank 20	fill in the blank 21
   Dec. 7-reinstate		fill in the blank 23	fill in the blank 24
   		fill in the blank 26	fill in the blank 27
   Dec. 7-collection		fill in the blank 29	fill in the blank 30
   		fill in the blank 32	fill in the blank 33