1. Bank Reconciliations Prepare a bank reconciliation for Rose of Sharon Corp. Balance per books $200,000 Balance per bank $240,000 Reconciling items Bank Fees $500 Outstanding Checks $90,500 Deposits in transit $40,000 Nonsufficient funds Check $10,000 2. Rose Company uses the Percentage of Accounts Receivable method to estimate the allowance for doubtful accounts. The balance in accounts receivable as of December 31, 2022, is $700,000. Rose estimates 5% uncollectible. In 2023 Rose writes off $40,000 in accounts receivable which were outstanding on December 31, 2022. The balance in accounts receivable as of December 31, 2023, is $900,000. Rose estimates 5% uncollectible. Required: Prepare the appropriate journal entries and post them to the ledger 3. Violet Corporation uses the Percentage of Credit Sales Method to estimate uncollectible accounts receivable. Credit sales for 2022 are $3,000,000. Violet estimates 10% uncollectible. In 2023 Violet writes off $350,000 in accounts receivable which were outstanding on December 31, 2022. The credit sales for 2021 are $4,000,000 and Violet estimates 10% uncollectible. Required: Prepare the appropriate journal entries and post them to the ledger Required: Prepare the Appropriate Journal Entries and post them to the ledger. 4. Acme industries purchased a truck for $50,000 on January 1, 2022. The following amounts were paid in connection with the purchase: sales tax $5,000 and delivery charges $3,000. All amounts were paid in cash. Acme uses straight-line depreciation. Acme estimates a two-year life and $0salvage value. The truck was disposed of for zero dollars on January 1, 2024. Required: Prepare the appropriate journal entries and post them to the ledger