Instructions

May $1.$ Sold merchandise on account to Taiwan Palace Co$.,$ $$36,730.$ The cost of the merchandise sold was

$$25,310.$

Aug. $30.$ Received $$11,950$ from Taiwan Palace Co$.$ and wrote off the remainder owed on the sale of May $1$ as

uncollectible.

Dec. $8.$ Reinstated the account of Taiwan Palace Co$.$ that had been written off on August $30$ and received

$$24,780$ cash in full payment.

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. CNOWjournals 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.