1. Prepare journal entries to record the folowing transactions enter Company into by the Castagn Nov. 1 Sold merchandise on account to Mercer, Inc, for $18,000. trm 2/10,0 Nov. 5 Mercer, Inc, returned merchandise worth $1,000 Nov. 9 Received payment in full from Mercer, Inc 2. Erickson Company had a $300 credit balance in Allowance for Doubtful Accounts a December 31, 2017, before the current years provision for uncollectible accounts An aging of the accounts receivable revealed the following Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable 1% 3% 6% 15% 8% 15,000 12,000 5,000 11000 Instructions (a) Prepare the adjusting entry on December 31, 2017, to recognize bad debts expense (b) Assume the same facts as above except that the Allowance for Doubtlul Accounts account had a $300 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectble accounts