Journalize the following transactions in the accounts of sedona interiors company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
may 1. sold merchandise on account to beijing palace co., $15,300. the cost of the merchandise sold was $11,000.
aug. 30. received $4,000 from beijing palace co. and wrote off the remainder owed on the sale of may 1 as uncollectible.
dec. 8. reinstated the account of beijing palace co. that had been written off on august 30 and received $11,300 cash in full payment.

May 1.

Dr Account Receivable    15,300

Cr Sales                            15,300

( to record sales to Beijing Palace Co.)

Dr Cost of merchandise sold         11,000

Cr Merchandise inventory             11,000

( to record cost of goods solds to Beijing Palace Co.)

Aug.30

Dr Cash                                                  4,000

Dr Allowance for uncollectible debt    11,300

Cr Account Receivable                        15,300

( to record settlement from Beijing Palace Co. and to realize the remainder receivable from Beijing Palace Co. as uncollectible)

Dec.8

Dr Cash                                                  11,300

Cr Allowance for uncollectible debt    11,300    

( to record the remainder settlement from Beijing Palace Co.)

Explanation:

Explanation is put under each entry.

answerconversion factor;

for submitting your question to

the answer to your question is : c) a government agency or homeowner

due to his line of work, he is most likely employed by a government agency or homeowner due to the other choices not being logical haha.