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, $11,400. The cost of goods sold was $8,200. Sept. 30 Received $2,500 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 $8,900 cash in full payment. If an amount box does not require an entry, leave it blank. Accounts Payable-Old Town Cafe x May 24-sale Accounts Receivable-Old Town Cafe x May 24-cost Accounts Payable-Old Town Cafe x Allowance for Doubtful Accounts x Sept. 30 Bad Debt Expensex Cost of Goods Sold x II II III IUUU DI II III II DO Cash x Dec. 7-reinstate Cash x Allowance for Doubtful Accounts Dec. 7-collection Accounts Payable-Old Town Cafey Bad Debt Expensex Accounts Payable-Old Town Cafe Accounts Receivable-Old Town Cafe Allowance for Doubtful Accounts Bad Debt Expense Cash Inventory