Bonney Market issues credit cards that customers can use to make purchases. Bonney also accepts bank credit cards and debit cards. In September 2021 the following transactions occurred: 1. Bonney credit card sales totalling $ 40,000. 2. Debit card transactions totalling $ 22,500, made up of 18 individual transactions. 3. Bank credit card sales totalling $ 31,000. 4. Collected $ 28,800 in payments on Bonney's own credit card accounts. 5. Recorded interest charges on overdue Bonney credit card accounts. Total overdue accounts are $154,500. Bonney pays a 2% service charge on bank credit cards. The charge on debit card transactions is $0.50 per transaction. The late payment interest rate on Bonney's credit card is 19%. Christy Company uses the allowance method for estimating uncollectible accounts. Jan 5 Sold merchandise to Amy Fergenbaum for $ 1,000, terms n/15. Apr 15 Aug21 Received $ 200 from Amy Fergenbaum on account. Wrote off as uncollectible the balance of the Amy Fergenbaum account when she declared bankruptcy. Oct 5 Unexpectedly received a cheque for $250 from Amy Fergenbaum. Christy does not expect to receive any more payments from Fergenbaum. Required: Prepare journal entries to record the following transactions. (Ignore any cost of goods sold entry in the colon tras Grill's Flooring Limited had credit sales of $ 400,000 in 2020 and a debit balance of $ 600 in the Allowance for Doubtful Accounts at year end. As at December 31, 2020, $ 120,000 of accounts receivable remains uncollected. The credit manager of Grill's Flooring prepared an aging schedule of accounts receivable and estimates that $ 5,000 will prove to be uncollectible. On March 4, 2021, the credit manager authorizes a write off of the $ 1,000 balance owed by A. Ludwig. Required: a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2020. b) Show the balance sheet presentation of accounts receivable on December 31, 2020. c) On March 4, 2021, assume the balance of Accounts Receivable is $ 160,000 and the balance of Allowance for Doubtful Accounts is a credit of $3,000, before the write off. Make the appropriate entry to record the write off of the Ludwig account. Also calculate the carrying amount of accounts receivable before and after the write off