Entries for uncollectible recelvabies, using allowance method Joumalize 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, $18,900. The cost of goods sold was $13,600. Sept. 30. Rocelved $4,900 from Old Town Cafe and wrote off the remainder awed 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 $14,000 cash in full payment. If an amount box does not require an entry, leave it blank