Printem Show Me How Calculator May 24 Sold merchandise on account to Old Town Cafe $18.450. The cost of goods sold was $11,000 Sept. 30 Received $6,000 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 $12,450 cash in uil payment For a compound transaction, an amount box does not require an entry leave it blank Accounts Receivable-Old Town Cafe 1.450 May 24-sale 1840 Sales Cashx Accounts Receivable-Old Town Cafe Bad Debt Expense Accounts Receivable-Old Town Cafe Dec. be Ou Town Cafex Dec. 7-collection Previous Next