EX 8-1 Classifications of receivables Obj. 1 The Boeing Company (BA) is one of the world's major aerospace firms with operations involving commercial aircraft, military aircraft, missiles, satellite systems, and information and battle management systems. As of a recent year, Boeing had $4,639 million of receivables involving U.S. government contracts and $2,432 million of receivables involving commercial aircraft customers, such as Delta Air Lines (DAL) and United Airlines (UAL). EX 8-4 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, $24.450. The cost of goods sold was $14,500 Sept. 30. Received $9.000 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 $15,450 cash in full payment