Instructions May 1. Aug 30. Sold merchandise on account to Taiwan Palace Co. 537,940. The cost of the merchandise sold was $25,700 Received $9,050 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $28,890 cash in full payment. Dec 8 Required: Journalize the above transactions in the accounts of Arizona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS Arizona Interiors Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 121 Accounts Receivable-Taiwan Palace Co. 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 537 Cash Short and Over 538 Bad Debt Finance LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 638 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Journal Journalize the transactions in the accounts of Arizona Interiors Company, a restaurant supply company that uses the allowance method of accounting for receivables. Refer to the chart of accounts for the exact wording of the account bites CNOW foumals do not use lines for journal explanations. Every Ane is used for debitor credit entries. CNOW Journals will automatically incent a credit entry when a credit amount is entered, Journalize the transactions in the accounts of Arizona Interiors Company, a restaurant supply company that uses the allowance method of accounting receivabies. Refer to the chart of accounts for the exact wording of the account titles. CNOW journais do not use lines for journal explanations. Every is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered JOURNAL ACCOUNTII DATE DESCRIPTION POSE REF 1 DEBIT CRENT ASSETS LAR 2 k 30 31