1.Create the necessary journal entries to record these transactions.

2.Create an adjusting journal entry as of the end of November (Phoenix Brick Yard's fiscal year-end). Assume the Allowance for Doubtful Account has been estimated to be a $20,400 credit balance, by aging accounts receivables.The unadjusted balance of the Allowance for Doubtful Accounts is $1,000 debit.

The Phoenix Brick Yard completed the following transactions. Accounts receivable are valued using the allowance method. Jun 14 Jun 30 Jul 15 Oct 1 Oct 3 Oct 5 Oct 15 Nov 13 writes off a $750 account receivable arising from a sale to Southwest Desert Accents that dates to 10 months ago. Phoenix receives a $1,000, 90day, 10% note in exchange for brick sold to Sunset Designs. The brick cost $600. Receives $2,000 cash plus a $10,000 note from Tempe Landscapes in exchange for brick that sells for $12,000. The brick cost $8,000. The note is dated Jul 15, bears 12% interest, and matures in 120 days. Completed a $200 credit card sale with a 4% fee (the cost of sales is $150). The cash is received immediately from the credit card company. Sunset Designs refuses to pay the note that was due to Phoenix on September 30. Prepare the journal entry to charge the dishonored note plus accrued interest to Sunset Design's accounts receivable. Completed a $500 credit card sale with a 5% fee (the cost of sales is $300). The payment from the credit card company is received on Oct 9. Received the full amount of $750 from Southwest Desert Accents that was previously written off on Jun 14. Record the bad debts recovery. Received payment of principal plus interest from Tempe Landscapes for the July 15