1. (25 Points) The Graphic Design Corporation reported the following amount on its Balance Sheet at the end of the previous year 50,400 1,200 Accounts Receivable Allowance for Bad Debts You are to record the following events of the current year in the General Journal. Prepare journal entries in good form. a. Accounts Receivable of $1,152 is written off as company went bankrupt. b. Unexpectedly, $156 are collected of the accounts receivable previoushy written off c. Aging of the accounts receivable at the end of the current year indicates a need for an allowance of $ 1,800 to cover possible failure to collect accounts currently outstanding. Prepare the Adjusting Journal Entry d. Determine the Net Realizable value of Accounts Receivable at the beginning of the year