Q1] Record the following transactions on the books of Galaxy Co. (a) On July 1, Galaxy Co. sold merchandise on account to Kingston inc. for $17,200, terms 2/10, n/30. (b) On fuly 8, Kingston inc returned merchandise worth $3,800 to Galaxy Co. (c) On fuly 11, Kingston Inc paid for the merchandise. Q2) Prepare the Journal entry for the following transactions: 1- on lanuary 1, AB company sells goods for 6400 on credit. 2- On January 5,ABC. collected 150 on the account. 3- On January 25, AB Co. Adjusted the amount 640 for as bad debts. 4- On January 30, AB Co. Write-off uncollectible accounts for 20. Q3) During its first year of operations, Energy Company 5E had credit sales of 63,000,000;6600,000 remained uncollected at year-end. The credit manager estimates that 628.000 of these receivables will become uncollectible. the vice-president of finance of Energy Company SE on March 1, 2021, authorizes a write-off of the SAR 350 balance. (a) Prepare the joumal entry to record the estimated uncollectible accounts receivable using allowance method