f. d. The following transactions were selected from among those completed by Crowley Retailers. Prepare Journal entries for each transaction a. b. On Dec 1, Sold product to customer B for $1,500 with terms of 2/10, n/30. On Dec 4, Collect cash due from customer B. The company had total sales of $60,000 of which $25,000 were credit sales and the remaining sales were cash. Based on prior experience, it estimates a 2 percent bad debt rate on credit sales. Record the entry for bad debt only. An account receivable for $780 from a prior year was determined to be uncollectible and was written off. The company estimated depreciation on their equipment to be $750 for the year. Paid major overhaul of the equipment that improved efficiency for $50,000 cash.