a)The December 31, 2016 balance sheet of Sauder Company had Accounts Receivable of 500,000 and a credit balance in Allowance for Doubtful Accounts of 33,000. During 2017, the following transactions occurred: 1)sales on account 1,300,000: 2)sales returns and allowances, 50,000; 3)collections from customers, 1,215,000; 4 accounts written off 35,000; 5)previously written off accounts of 5,000 were collected. Instructions (a) Joumalize the 2017 transactions (1 to 5). (15 marks) (b) If the company uses the percentage-of-sales basis to estimate bad debts expense and anticipates 2% of net sales to be uncollectible, what is the adjusting entry at December 31, 2017? (5 marks) (c) If the company uses the percentage-of-receivables basis to estimate bad debts expense and determines that uncollectible accounts are expected to be 4% of accounts receivable what is the adjusting entry at December 31, 2017