? Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of

accounting for uncollectible receivables:

May $24$ ?Sold merchandise on account to Old Town Cafe $$12,000.$ ?The cost of goods sold was $$8,600.$

Sept. $30$ ?Received $$2,900$ ?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 $$9,100$ ?cash in full payment.

For a compound transaction, if an amount box does not require an entry, leave it blank.

May $24-$sale

May $24-$cost

Sept. $30$

Dec. $7-$reinstated

Dec. $7-$collection