entries for uncollectible receivables using allowance method

journalize the 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 acoount to Old Town Cafe \$37,940. The cost of goods sold was 525,700. Sept. 30 Pecelved 59,050 from Old Town Cafe and wrote oft the remainder owed on the sale of May 24 as unoollectible Dec: 7. Reinstated the account of Old Town Cafe that had been weitten off on September 30 and received $28,690 cach in full payment Journabize the above transactions in the accounts of Zppy interiars Company a restaurant supply company that uses the ablowance method of accounting for uncollectible receivabil Joumakes the thansactions in the accounts of zppy hitenors Compacy a festaurant supply company that ises the alowace mathod of accounting for uncollecble riceivabios