May 1. Sold merchandise on account to Talwan Palace Co., $36,730. The cost of the merchandise sold was $25,310. Aug. 30. Recelved $11,950 from Taiwan Palace Co. and wrote oft the remainder owed on the sale of May 1 as uncollectible. Dec. 8. Reinstated the acoount of Talwan Palace Co. that had been written off on August 30 and recelved $24,780 cash in full payment. Required: Joumalize the above transactions in the accounts of Arizona interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Reler to the chart of accounts for the exact wording of the account eibes. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credil entry When a credtit a maunt is entered 9 10 1I