Entries for Uncollectible Receivables, using Allowance 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 Talwan Palace Co., $10,600. The cost of the merchandise sold was $2,600. Aug, 30. Received $2,200 from Talwan 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 written off on August 30 and received $8,400 cash in full payment. If an amount box does not require an entry, leave it blank. May 1-sale Accounts Receivable-Talwan Palace Co. Sales 2.100 May 1-cost 31 II III od II III 00 Aug 30 Dec. 8-reinstated sending data to serve If an amount box does not require an entry, leave it blank. May 1-sale Accounts Receivable-Taiwan Palace Co. Sales 2,200 2,200 May 1-cost Aug. 30 II III II II Dec. 8-reinstated Dec. 8-collection