See August the cash payment on Sunrell note dated July 30 Nov, 5 Nov, 15 Receives the full amount of $750 from Briggs Company that was previously writen off on July Nov. 20 Made a S200 credit card sale with a 4% fee. he net cash pro eeds will be received overnight from the credit card compan Made a $500 credit card sale with a 5% fee- the payment from the credit card company received via check on Nov 7, Prepare the Nov. 7 entry also 14. Record the bad debts recovery Write off a $2,500 account receivablea (1) Prepare journal entries to record these transactions on the books of Garden Company (2) Prepare the following: A. AJE(a):Prepare an adjusting entry to accrue any outstanding Notes Receivable. (if any) B. The umadjusted balance in Allowance for Doubtful Accounts is $1,000 debit balance. D Confirm this balance for yourself by posting AFDA entries to the account (there should be 3 entries to post, don't forget the beginning balance). Has management over or under estimated the level of write-offs to Accounts Receivable for the year 2014 Following the directions below, prepare two alternative adjusting journal encries for Bad Debt Expense on n () AJE(b) (alternative 1) Balance Sheet Method: Receivable. Based on amalysis of Assume Bad Debt Expenses is estimated by an aging of Accounts Accounts Receivable, management estimates $20,400 of the outstanding Account Reccivable will never be coll Assume Bad Debt Expenses is estimated by using the percent of Sale Revesue approach. Manageme estimates Bad Debt Expense for the period is 1% of credit sales. Credit sales for the year amounted to $2,000,000 (il) AJE(b) (alternative 2) Income Statement Method