1: GENERAL JOURNAL ENTRIES (20 points) A few recent transactions for the BEST COMPANY, an accounting services provider, for the November 2019 period are shown below. In the area provided (or within an alternate document if you wish), show what the general journal entry/entries will look like for each of the transactions presented (WATCH THE DATES!!): 1) The company billed clients for $150,000 of services on November 2, 2019, all on credit. At the time of billing for these services, the company reserved 1% of its billings as bad debt in its allowance for bad debts account. 2) The company collected $130,000 of accounts receivable on November 5, 2019. 3) The company paid $20,000 in cash towards accounts payable owed on November 15, 2019. 4) A bill for property taxes was paid with cash on November 26, 2019. The bill paid totaled $36,000 and covers the period from December 1, 2019 to November 30, 2020. 5) Salaries for November 2016 totaling $45,000 were paid with cash on November 30, 2019. GENERAL JOURNAL ENTRIES 1) 2) 3) 4) DEBIT CREDIT