The following data were selected from the records of Sharkim Company for the year ended December 31, 2012. Balances January 1, 2012: Accounts receivable (various customers) $116,000 Allowance for doubtful accounts $5,200 In the following order, except for cash sales, the company sold merchandise and made collections on credit terms 2/10, n/30 (assume a unit sales price of $500 in all transactions and use the gross method to record sales revenue). Transactions during 2012 a. Sold merchandise for cash, $227,000. b. Sold merchandise to Abbey Corp; invoice price, $12,000. c. Sold merchandise to Brown company; invoice price, $23,500 d. Abbey paid the invoice in (b) within the discount period. e. Sold merchandise to Cavendish Inc; invoice price, $26,000. f. Two days after paying the account in full, Abbey returned one defective unit and received a cash refund g. Collected $78,400 cash from customer sales on credit in prior year, all within the discount periods h. Three days after purchase date, Brown returned seven of the units purchased in (c) and received account credit. i. Brown paid its account in full within the discount period j. Sold merchandise to Decca Corporation; invoice price, $18,500 k. Cavendish paid its account in full after the discount period. l. Wrote off a 2008 account of $2,400 after deciding that the amount would never be collected m. The estimated bad debt rate used by the company was 3 percent of credit sales net of returns Required: 1. Give the necessary journal entries for these transactions, including the write-off of the uncollectible account and the adjusting entry for estimated bad debts. Do not record cost of goods sold. Show computation for each entry