Instructions May 1. Aug . 30 Sold merchandise on account to Beijing Palace Co., $44,710. The cost of the merchandise sold was $26,090 Received $10,380 from Beijing Palace Co. and wrote off 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 interior Company, a restaurant suppy company that uses the allowance method of accounting for uncollectible recevables. Refer to me Chart of Accounts for exact wording of account neles. ACCOUNTING EQSIANION JOURNAL DENT CHIT LIABILITIES EQUITY POSTER DATE DESCRIPTION 18 1