CC8-1 Accounting for Receivables and Uncollectible Accounts [LO 8-2, LO 84] The following transactions occurred over the months of September to December at Nicole's Getaway Spa (NGS) September Sold spa merchandise to Ashley Welch Beauty for $2,300 on account; the cost of these October Sold merchandise to Kelly Fast Nail Gallery for $650 on account; the cost of these goods NovemberSold merchandise to Raea Gooding Wellness for $500 on account the cost of these December Received $1,500 from Ashley Welch Beauty for payment on its account Required: goods to NGS was $1,100. to NGS was $300. goods to NGS was $290. 1. Prepare journal entries for each of the transactions. Assume a perpetual inventory system. (f neo entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record sales revenue of $2,300 on account Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry ow generai jourmat 2 Estimate he Alowance for Doubrul Accounts required at December 31, assu ables outstanding at Decernber 31 anise from the transactions listed above. NG the usos Ne iging of acoounts receivable method with the following uncollectibie rates. o months, 5%: trree months, 20%, more than three months, 30%. : one month, 3%;two