Prepare journal entries to record the following transactions: (1) On December 15, Year 1, Vandelay Industries recorded $150,000 sales on credit. Dec. 15 Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity (2) On December 31, Year 1, Vandelay Industries estimated bad debt expenses of $15,000. Dec. 31 Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity (3) On January 12, Year 2, Vandelay Industries collected $100,000 worth of accounts receivable. Jan. 12 Year 2 Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity (4) On June 15, Year 2, after many collection attempts, Vandelay Industries determined that it would not collect $10,000 in accounts receivables from Pendant Publishing. It decided to write-off this account. Jun. 15 Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity (5) On July 16, Year 2, Pendant Publishing called to say that they have had financial problems but can afford to pay $7,000 to settle their $10,000 debt in full. Vandelay Industries agreed to these terms, and reversed $7,000 of the prior write-off. It received a $7,000 check from Pendant later that day. Jul. 16 Jul. 16 Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity Post the above entries to the following T-accounts: + Accounts Receivable (A) Allowance for Doubtful Accounts (XA) +