On the Go Warehouse distributes suitcases to retail stores and extends credit terms of 1/10, 1/30 to all of its customers. The following selected transactions occurred more that needed Requirement 1: Please prepare journal entries for ench of the following transactions for On the Go Warehouse. Use the general journal on the best page Dec 1 Sold 40 suitcases on account to Luggage World for $65 each the cost of each suitcase was $40. Dee Purchased 85 suitcases on account for $30 each from Trunk Manufacturing terms 1/15, 1/30. Dec 7 Lugege World returned 7 of the suitcases sold on Dec 1. This luggage was not defective, Luggage World purchased Dec 8 Received final payment from Luggage World from the Dee I sale. Dec 10 Wrote-off the account receivable of Packw-up, Inc., $280, who notified On the Go Warehouse that it would be unable Dec 15 Received a request from Samson Company for an extension of time for the account receivable ($3,700) that was due ca Dec 15. Their request was granted and they signed a 60-day, 11% note. Dec 20 Paid Trank Manufacturing the amount owed Dec 25 Surprisingly, received a check from Packom-up, Inc., for payment in full of the amount owed that was written off on Dec 10, $280 Dec 31 Estimated bad debts, based on an aging of accounts receivable. The allowance for uncollectible accounts has a $300 debir balance prior to any adjustments. The aging schedule is shown below: Are of Accounts Total Balance 1.30 Days 61.90 Days Over 90 Days $100,000 $60,000 $14,000 Estimated collectible Dec 31 Accrued interest on the Dec 15 note receivable. Feb 15 (next year) Received payment, in full, on the amount owed from Samson Company on Dec 15. 31-60 Days $16.000 29 $10,000 16% 39