Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables: May 1. Sold merchandise on account to Beijing Palace Co., \\( \\$ 18,900 \\). The cost of the merchandise sold was \\( \\$ 11,200 \\). Aug. 30. Received \\( \\$ 8,000 \\) from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Dec. 8. Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received \\( \\$ 10,900 \\) cash in full payment