Instructions Chart of Accounts Journal Instructions May 1 Aug 30 Sold merchandise on account to Boljing Palace Co., 544,710. The cost of the merchandise sold was $26,090 Received $10,390 from Beijing Palace Co and wrote of the remainder owed on the sale of May 1 as uncollectible Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received $34,320 cash in full payment. Dec 8 Required: Journalize the above transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles Entries for uncollectible receivables, using allowance method Instructions Chart of Accounts Journal Instructions Journal FA ACCOUNTING EQUATION JOURNAL DEBIT CREDIT ASSETS LITIES POST. REF. EQUITY DATE DESCRIPTION 10