Journal entry's

Prepare the following journal entries (c) Percentage of sales to estimate the uncollectible amount. Assume that Company A elects to use the percentage of sales basis. It conclude that 4% of the credit sales will be uncollectible. If the credit sales for 2017 are $1,350,000, prepare the appropriate journal entry. Value 4 pts. of (c) Journalize the transactions Account Value Account Value Prepare the following journal entries (d) Assume that you are using the aging of account receivable to estimate the amount of bad debt, prepare the adjusting entry using the following information: number of days Account percentage outstanding Receivable uncollectible 0 - 30 $80,000.00 2% 31 - 60 $50,000.00 3% 61 - 90 $45,000.00 4% 91 - 120 $25,000.00 8% over 120 $18,000.00 11% i) If the account of Allowance of Doubtful Account have a credit balance of $5,000.00 ii) If the account of Allowance of Doubtful Account have a dedit balance of $1,500.00 Value 8 pts. (d) Journalize the transactions i) Value Account Account Value ii) Value Account Account Value Prepare the following journal entries (e) Assume that c Company factors $800,000 of receivable to D Factors. D Factors assesses a service charge of 4.5% of the amount of receivable sold. The journal entry to record the sale should be? Value 6 pts. (e) Journalize the transactions Account Account Account Value Value Value Prepare the following journal entries Assume that you purchases $5,000 TV for your house from Sears using your American Express. American Express charges a service fee of 5%. Make the journal entry that Sears should made to record this transaction Value 6 pts. (1) Journalize the transactions Account Value Account Value Account Value Prepare the following journal entries (9) Mona wrote a $7,500, four month, 15% promissorty note dated May 1, to settle a open account. Prepare the entry that Mona would makes for the receipt of the note. On September 1, prepare the journal entry If Mona receives the payment of the note, at payment date. (Honor of a note receivable) If on September 1, Mona does not receives the payment of the note, at payment date (Dishonor of a note receivable) Value 16 pts NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 1-May Account Account Value Value Value 1-Sep Account Account Account Value Value Value 1-Sep Account Account Account Value Value