The following transactions occurred over the months of September to December at Nicole's Getaway Spa (NGS). Septenber Sold spa merchandise to Ashley weleh Beauty for 52,150 on account; the cost of these goods to NGS was October Sold nerchandise to Kelly Fast Nail Gallery for $590 on account; the cost of these goods to NG5 was $270. Noveober Sold eerchandise to Raca Gooding Wellness for $440 on account; the cost of these goods to NGS was s26a. Decesber Received 51,410 fron Ashley Weleh Beauty for paytent on its account. Required: 1. Prepare journal entries for each of the transactions. Assume a perpetual inventory system. 2. Estimate the Allowance for Doubtful Accounts required at December 31, assuming the only receivables outstanding at December 31 arise from the transactions listed above. NGS uses the aging of accounts receivable method with the following uncollectible rates: one month, 3\%; two months, 5%; three months, 20\%; more than three months, 30%. 3. The Allowance for Doubtful Accounts balance was $54 (credit) before the end-of-period adjusting entry is made. Prepare the journal entry to account for the Bad Debt Expense. 4. Assume the end of the previous year showed net accounts teceivable of $870, and net soles for the current year are $9700. Calculate the accounts recelvable turnover ratio. 5. Audrey's Mineral Spa has an accounts recelvable turnover ratio of 12.0 tmes. How does NGS compare to this competitor? Journal entry worksheet Audrey's Mineral Spa has an accounts receivable turnover ratio of 12.0 times. How does NGS compare to this competitor Complete this question by entering your answers in the tabs below. Estimate the Allowance for Doubtful Accounts required at December 31 , assuming the only recelvables outstanding at December 31 arise from the transactions listed above. NGS uses the aging of accounts recelvable method with the following uncollectible rates: one month, 3%; two months, 5%; three months, 20%; more than three months, 30%. Journal entry worksheet Record the adjusting entry for bad debts using the aging of accounts recelvable. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Assume the end of the previous year showed net accounts receivable of $870, and net sales for the current year are $9,700. Calculate the accounts recelvable turnover ratio. (Do not round intermediate calculations. Round your final answer to 1 decimal place) omplete this question by entering your answers in the tabs below. udrey's Minerol Spa has an accounts recelvable turnover ratio of 12.0 times. How does NGS compare to this competitor? WolesCetawaySpais