May 1. Aug 30 Sold merchandise on account to Beijing Palace Co., $18,900. The cost of the merchandise sold was $11,200. Received $8,000 from Beijing Palace Co and wrote off the remainder owed on the sale of May 1 as uncollectible. Reinstated the account of Beijing Palace Co that had been written off on August 30 and received $10,900 cash in full payment. Dec. 8. Required: Journalize the above transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts 129 Allowance for LOUDUI Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Seling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Owner. Capital 311 Owner, Drawing 312 Income Summary 50 All work saved 339 OECD 18 Cee Journal Journalize the transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectie receivables. Re JOURNAL ACCOUNTING EQUATION DATE May 1 DESCRIPTION 1 POST. REF DESIT CREDIT ASSETS LATES EQUITY 2 11