Sold merchandise on account to Beijing Palace Co., $18,900. The cost of the merchandise sold was $11,200 Received $8,000 from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received $10,900 cash in full payment. May 1. Aug. 30. Dec. 8. Journalize the above transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles.
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