2. Write journal entries in good form for the following. Each is separate unless stated otherwise. Dr Cr a) Your firm sells 60 pounds of Dr Ozs Brain Expanding Crystals for $1,200 for cash (churge cand over the web). Cost $600. Desperate Cupcake (buyer) authories expedited freight cost ofS75. Sales tax of 7.75% applies to this transaction b) Cupcake returns 12 pounds of the crystals in (a) saying that the buyer only needed 80% of the crystals to get thorough Accounting 210 Exam IL Post the return c) Allowance for Bad Debt has a debt balance of S275 but the normal balance should be S1,525 What is the adjusting entry to bring the account up to its appropriate balance. (Hint: Taccounts might help here) d) Write offa bad debt of $95 assuming accrual accounting e) Subsequently collect $35 of the 595 written of in (d) Dr Cr f) Write off a bad debt of $95 under the direct write off method g) Accrue wage expense of $650 at the end of the month h) Pay accrued wages of only $625 due to an over accrual error. Dr Cr 1) Sell iPhone for $525 including one-year warranty for cash. A value of $60 has been established for the warranty. Based on experience, a reserve of 10% for warranty expense has been established for the warranty. Record the transactions at the time of sale. j) After one month recognize the appropriate warranty revenue and expense from (1)