Question 1: Micha Clothing completed the following transactions during 2018 and 2019: 2018: Dec. 31: Estimated that bad debt expense for the year was 3% of the credit sales of $ 750 000 and recorded the amount as expense December 31: Made the long entry of the bad debt expense . . 2019: Feb. 15 : Sold inventory to Simo S10 000 on credit terms of 2/10,n/30. Cost of goods sold: $5 ODO. June 30: Wrote off Simo's account as uncollectible after repeated efforts to collect from the customer September 10: Received $5 000 from Simo along with a a note receivable of $5 000, 20 days, 10%. Reinstated the account in full September 30. Collected the Simotnote at maturity date December 31: Made a compound entry to write off the following account: Corbeil s 1500 o Tremblay $3000 Bellehumeur: $12000 December 31: The company decided to use the aging-of-accounts method and estimated that $30 000 of its accounts receivable will prove uncollectible December 31: Made the closing entry of the bad debt expense . . O . REQUIRED: 1. Record the transactions in the general journal 2. Post them in the three column general ledger accounts of Allowance for Doubtful Accounts and Bad Debt Expence