Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncolectible receivables: May 1. Sold merchandise on account to Taiwan Palace Co. $16,400. The cost of the merchandise sold was $11,800. Aug. 30. Recelved $4,400 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 $12,000 cash in full payment. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. May 1-sale May 1-cost Aug. 30 Dec. 8-reinstated Dec, 8-collection