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May 24 Sold merchandise on account to Old Town Cale $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 Cale $36,730. The cost of goods sold was $25,310. Sept. 30 Received $11,950 from Old Town Cale and wrote off the remainder owed on the sale of May 24 as uncoliectible. Dec. 7 Reinstated the account of Old Town Cale that had been written off on September 30 and received $24,780 cash in full payment Joumalize the above transactions in the accounts of Zppy interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollect ble recevabies Joumalize the transactions in the accounts of Zippy interiors Company. a restaurant supply company that uses the allowance method of accounting for uncollectible receivabios. General Joumallinstructions

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