Joumalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible recelvables: May 24 Sold merchandise on account to Old Town Cafe, $16,700. The cost of goods sold was $12,000. Sept: 30 Recelved $3,700 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 $13,000 cash in full payment. If an amount box does not reauire an ientru lesua is hiad nalize the following transactions in the accounts of Zippy Interiors Company, a re ollectible receivables: y 24 Sold merchandise on account to Old Town Cafe, $16,700. The cost of good t. 30 Received $3,700 from Old Town Cafe and wrote off the remainder owed or ec. 7 Reinstated the account of Old Town Cafe that had been written off on Sept amount box does not require an entry, leave it blank