Show Me How Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables: May 1. Sold merchandise on account to Taiwan Palace Co, $14,000. The cost of the merchandise sold was $10,100. Aug. 30. Received $3,100 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible Dec. 8. Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $10,900 cash in full payment. If an amount box does not require an entry, leave it blank. May 1-sale May 1-cost Aug. 301 Dec. 8-reinstated Dec. 8-collection 00 00 000 00 | 00 000 00 00