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Is it reasonable to cross out the name of the payee and write the correct name on the receipt?
Unreasonable.

"People's Republic of China (PRC) * * and China Bill Law" has corresponding provisions:

Article 9 The items recorded on a negotiable instrument must conform to the provisions of this Law. The bill amount, date and payee name cannot be changed, and the changed bill is invalid. Other matters recorded on the bill may be changed by the original recorder.

The change shall be signed by the original recorder. The issuance, acquisition and transfer of bills should follow the principle of honesty and credit, and have real trading relationship and creditor-debtor relationship.

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Relevant provisions of People's Republic of China (PRC) Negotiable Instruments Law:?

Article 14 The items recorded on a negotiable instrument shall be true and shall not be forged or altered. Whoever forges or alters the signature and other recorded items on a bill shall bear legal responsibility.

Forged or altered signatures on a bill of exchange shall not affect the validity of other authentic signatures on a bill of exchange. Where other items recorded on the bill are changed, the signer before the change shall be responsible for the original items recorded.

Article 15 If a bill of exchange is lost, the drawee may promptly notify the drawee to report the loss and stop payment, except for a bill in which the drawee is not specified or the drawee and his agent cannot be determined.

Baidu Encyclopedia-People's Republic of China (PRC) Bill Law