Question

Journal Apr.2. Sold sold was $22,050. Received$11,500 from Peking Palace Co. and wrote off the remainder owed on the sale of April 2 as uncollectible. Reinstated the account of Peking Palace Co. that had been written off on June 9 and received $24,510 cash in full payment. June 9. Oct. 31. Journalize the above transactions in the accounts of Dining 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. Previous 741 P weda)11/8/20