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May 24 Sold merchandise on account to Old Town Cafe $36,730. The cost of goods sold was $25,310. Sept. 30 Received $11,950 from Old Town

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May 24 Sold merchandise on account to Old Town Cafe $36,730. The cost of goods sold was $25,310. Sept. 30 Received $11,950 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 $24,780 cash in full payment. Journalize the above transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivabl General Journal Journalize the 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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