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 Date Transaction May 24 Sold merchandise on account to Old Town Cafe, $14,900 The cost of goods sold was $10,700 Sept 30 Received $3,400 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 $11,500 cash in full payment If an amount box does not require an entry, leave it blank Date Account Debit Credit May 24 sale Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsCashSalesAccounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsCashSalesSales Sales Sales May 24 cost Accounts Payable Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldInventorySales Accounts Payable Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldInventorySales Sept 30 Accounts Payable Old Town CafeAccounts Receivable Old Town CafeBad Debt ExpenseCashCost of Goods SoldCash Cash Cash Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldSales Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCash Dec 7 reinstate Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCost of Goods SoldAccounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCost of Goods SoldAllowance for Doubtful Accounts Allowance for Doubtful Accounts Allowance for Doubtful Accounts Dec 7 collection Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCashCash Cash Cash Accounts Payable Old Town CafeAccounts Receivable Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCashAccounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe Accounts Receivable Old Town Cafe

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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

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:

Date	Transaction
May 24.	Sold merchandise on account to Old Town Cafe, $14,900. The cost of goods sold was $10,700.
Sept. 30.	Received $3,400 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 $11,500 cash in full payment.

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

Date	Account	Debit	Credit
May 24-sale	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsCashSalesAccounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe
	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsCashSalesSales	Sales	Sales
May 24-cost	Accounts Payable-Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldInventorySales
	Accounts Payable-Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldInventorySales
Sept. 30	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeBad Debt ExpenseCashCost of Goods SoldCash	Cash	Cash
	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsCost of Goods SoldSales
	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCash
Dec. 7-reinstate	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCost of Goods SoldAccounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe
	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCost of Goods SoldAllowance for Doubtful Accounts	Allowance for Doubtful Accounts	Allowance for Doubtful Accounts
Dec. 7-collection	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCashCash	Cash	Cash
	Accounts Payable-Old Town CafeAccounts Receivable-Old Town CafeAllowance for Doubtful AccountsBad Debt ExpenseCashAccounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe	Accounts Receivable-Old Town Cafe