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Mar 17 Received $275 from Shawn Mckeely and wrote off the remainder 9 51 uncollectible July 29 Reinstated the account of Shawn McNeely and received
Mar 17 Received $275 from Shawn Mckeely and wrote off the remainder 9 51 uncollectible July 29 Reinstated the account of Shawn McNeely and received $1,000 cash in full paymen Journaize the above transactions, using the alowance method of accounting of Accounts for exact wording of account tdes uncolectoe a mwus,oar nstructions May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000 Sept 30 Received $6,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible Reinstated the account of Old Town Cafe that had been written off on September 30 and received $12,450 cash in full payment. Dec. 7 Journalize the above transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivabies. Refer to the Chart of Accounts for exact wording of account tities
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