Accounting for Bad Debts Consider the following transactions related to accounts for customers of Ramos Associates. On May 10, A. Bautista's account of P150,000 is estimated to be bad debts. On June 20, 20% of A. Bautista's bad debt was deemed uncollectible, while S. Mendoza, who owed Ramos Associates P90,000, has been declared bankrupt (and is unable to pay off his obligations). On July 7. A. Bautista paid back Ramos Associates all of its obligations. Provide the appropriate journal entries that reflect the above transactions