Modern Machine Shop $($MMS$)$ Inc. manufactures special moulds that are used in the production of plastic toys. Below is MMS$\text{'}$s

accounts receivable ledger from October $1$ to December $31,$ current year:

Additional information is as follows:

a$.$ MMS sold its special moulds at $$1,400$ each.

b$.$ All sales were on credit with terms, $\frac{n}{30}.$

c$.$ MMS$\text{'}$s records included the following items and their balances as at September $30,$ current year:

Required:

Prepare the journal entries to record the transactions on October $8,$ November $5,$ and December $20.($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$Modern Machine Shop $($MMS$)$ Inc. manufactures special moulds that are used in the production of plastic toys. Below is MMS$\text{'}$s accounts recelvable ledger from October $1$ to December $31,$ current year: Additional information is as follows: a$.$ MMS sold its special moulds at $\backslash (\backslash$$ $500\backslash )$ each. b$.$ All sales were on credit with terms, $\backslash ($ n $/30\backslash ).$ c$.$ MMS$\text{'}$s records included the following items and their balances as at September $30,$ current year:Record the write off of uncollectible accounts. Note: Enter debits before credits.Record the collected amount due from Machinex. Note: Enter debits before credits.Record the reinstatement of accounts written off on October $8.$ Note: Enter debits before credits.Record the collection on accounts written off on October $8.$ Note: Enter debits before credits$\mathrm{.}2.$ MMS uses the aging of accounts receivable method to determine the amount of recelvables that may not be collectible in the future Its estimated uncollectible rates are as follows: Determine the amount of receivables that may not be collectible in the future, and prepare the journal entry to record bad deb: expense on December $31.$ current year. $($Hint$.$ You may wish to keep track of accounts receivable in order to determine the age of these recelvables.$)($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$Journal entry worksheet Record the bad debt expenses estimated for the period. Note: Enter debits before credits.