Global Filter Corp. began operations on January 1, 2013. During the next two years, the company completed a number of transactions involving credit sales, accounts receivable collections and bad debts. Prepare journal entries to record Global Filter Corp.'s 2013 and 2014 summarized transactions and the adjusting entries to record bad debt expense at the end of each year (December 31). Enter the letter of the transaction as the description for the journal entry. Dates must be entered in the format dd/mmm (ie. 15/Jan). T-Accounts have been provided for your calculations, but will not be marked. The transactions are summarized as follows (assume a perpetual inventory system): 2013 a. April 10: Global Filter Corp. sold merchandise that cost $864,000 to ABC Inc. for $1,108,000 under credit terms of n/30, FOB destination. b. July 12: Wrote off uncollectible accounts receivable in the amount of $28,000. c. December 6 : $400,000 cash was received in payment of outstanding accounts receivable. d. December 31: While accounts were being adjusted on December 31, it was concluded that 1.5% of the outstanding accounts receivable would become uncollectible. General Journal Account/Explanation Page Gj1 F Debit Credit Date Accounts Receivable + = + = Allowance for Doubtful Accts + = + - 2014 a. April 24 : Global Filter Corp. sold merchandise to ABC Inc. for $1,068,000 under credit terms of n/30, FOB destination. The merchandise had cost $832,000. b. May 8: Wrote off uncollectible accounts receivable in the amount of $28,000. C. October 21: $430,000 cash was received in payment of outstanding accounts receivable d. December 31: In adjusting the accounts on December 31, concluded that 1.5% of the outstanding accounts receivable would become uncollectible. General Journal Account/Explanation Page Gj1 F Debit Credit Date Accounts Receivable + - + = Allowance for Doubtful Accts + = + =