4) Record the following selected transactions in the general journal of Josh's Auto Repair. Assume that the company uses a periodic inventory system, Scotiabank charges merchants $0.50 per debit card transaction, PayPal charges 1% of sales as service fees and MasterCard charges 4% of sales as service fees. (18%) Part A Mar. 4 10 14 15 3 31 Apr. 1 8 May 10 18 31 Recorded Scotiabank debit card sales of $8,000, consisting of 100 transactions. Recorded MasterCard credit card sales of $12,000. Issued a $5,000 Note Receivable for 6 months at 5% interest. Credit sales of $13,400 were recorded, 2/10, n/30. Accrued interest on the Note Receivable from March 14 AeroPlan card was accepted for $2,800 of payments. This card requires that receipts are submitted for payment manually. A 2% fee applies. PayPal sales of $43,000 was received. Payment was received from AeroPlan. Wrote off $800 of accounts receivables. Bad debts were estimated to be 2% of the $675,000 accounts receivable balance. There was a $900 credit balance in the allowance for doubtful accounts. Oct 13 Received payment of the 6 month Note Receivable. Part B Assume this company uses the Aging of Accounts system to track bad debts. The aging schedule shows a balance of $13,000. If the Allowance account has a credit balance of $900, what would the required entry be to record bad debt expense? (2%)