Journalize the following transactions in the accounts of zippy interiors company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: 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 full payment.