Journalize the following transactions: EXERCISE 3 20x1 Dec. 31. Estimated that uncollectible-account expense for the year was 4% on credit sales of $950,000 and recorded that amount as expenses. 31. Made the closing entry for uncollectible-account expense. 20x2 Feb. July 4. Sold inventory to Marian Holt, $5,500 on account. Ignore cost of goods sold. 1. Wrote off Marian Holt's account as uncollectible after repeated efforts to collect from her. Oct 19. Received $700 from Marian Holt, along with a letter stating her intention to Nov. 15. Received the balance due from Marian Holt. Dec. 31. Made a compound entry to write off the following accounts as uncollectible: pay within 30 days. Reinstated Holt's a count in full. Kaycee Britt, $800; Tim Sands, $900; and Anna Chin, $2,200. 31. Estimated that uncollectible-account expense for the year was 2% on credit sales of $885,000 and recorded the expenses. 31. Made the closing entry for uncollectible-account expense. GENERAL JOURNAL PAGE 1 DATE PR DEBIT DESCRIPTION