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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:

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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, $14,200. The cost of goods sold was $10,200. Sept. 30 Received $4,100 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 $10,100 cash in full payment If an amount box does not require an entry, leave it blank May 24-sale May 24-cost Sept. 30 II II III II ID II III II II Dec. 7-reinstate Dec. 7-collection

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