May 1. Aug 30 Sold merchandise on account to Taiwan Palace Co., $35,000. The cost of the merchandise sold was $23,540 Received $10,380 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $25,620 cash in full payment Dec 8. Required: Journalize the above transactions in the accounts of Arizona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indert a credit entry when a credit amount is entered. Journakze the transactions in the accounts of Anzona interiors Company, a restaurant supaly company that uses the allowance method of accounting for uncollectible recevabiles. Refer to the chart of accounts for the exact wording of the account bites. CNOW Journals do not use ines for journal explanations. Every Nine on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a credit and when a credit amount la artered MGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTRE Dur CREDIT ASSETS LIABILITIES CQUITY