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On September 30, Waldon Company has $540.250 of accounts receivable. Waldon uses the allowance method of accounting for bad debts and has an existing credit balance in the allowance for doubtful accounts of $13.750. 1. Prepare journal entries to record the following selected October transactions. The company uses the perpetual inventory system. a. Sold $305,000 of merchandise (that cost $178,500 ) to customers on credit. b. Received $395,100 cash in payment of accounts recelvable. c. Wrote off $15.700 of uncollectible accounts receivable. d. In adjusting the accounts on October 31 , its fiscal year-end, the company estimated that 4% of accounts receivable will be uncollectible. 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its October 31 balance sheet