2) Using the Allow ance Method of accounting for uncollectible receivables, journalize the following transactions: (10 points) a. Wrote off $1500 of Ron Smith's bad debt b. Reinstated Ron Smith's account and collected the amount due of $1500 3) Using the Percent of Sales Method of accounting for uncollectible receivables, and the following data, answer the following: a) what is the net realizable balance of A/R b) What is the ending balance in the allowance for doubtful accounts account, and c) What is the Bad Debt Expense (10 points) A.R Balance $1,000,000 Allowance for D/A has a current credit balance of $4500 Annual Sales =$2,424,000 Bad Debt Expense of estimated to be 1% of sales