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On September 30. Waldon Company has $540,250 of accounts receivable Waidon uses the allowance method of ackiwinie debts and has an existing ctedlit halance in the allowance for doubtul accounts of $13.750. 1. Proare joumal entries to record the following selected October transactions. The company uses the perpetuai inventory intem. a. Sold $305,000 of merchandise (that cost $178,500 ) to customers on credit. b. Received $395,100 cash in payment of accounts receivable. 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 Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its October 31 balance sheet