Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Arizona interiors Company 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 AU 30 Received $10.000 from Twan Palace Co. and wrote off the remainder owed on the sale of May t as uncollectibles Dec 3: Rinitate the account of Taiwan Palace Co that had been written off on August 30 and received $14,900 cash in full payment If an amount box does not require atentry leave it blank Hay sale May.co Aug 30 HI III II ID II II III II II De reinstate DBcollection