Entries for Uncollectible Receivables, using Allowance Method ournalize 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 Sept. 30 Dec. 7 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000 Received 6,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible Reinstated the account of Old Town Cafe that had been written off on September 30 and received $12,450 cash in full payment For a compound transaction, if an amount box does not require an entry, leave it blank May 24-sale Accounts Receivable-Old Town Cafe 39,560 X Sales 39,560 x Cost of Goods Sold May 24-cost 24,540 | X Inventory 24,540 X Sept. 30 Cash 11,930X Allowance for Doubtful Accounts 27,630X Accounts Receivable-Old Town Cafe V39.560X Accounts Receivable-Old Town Cafe Dec. 7-reinstate 27,630 X Allowance for Doubtful Accounts 27,630 X Dec. 7-collection Cash 27,630X Accounts Receivable-Old Town Cafe 27,630 | X