The trial balance before adjustment for Phil Collins Company shows the following balances. (What are the accounts I missed and the amounts?)

The trial balance before adjustment for Phil Collins Company shows the following balances. Dr Cr Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $82,000 2,120 $430,000 Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.) 1. 2. 3 4. To obtain additional cash, Collins factors without recourse $25,000 of accounts receivable with Stills Finance. The finance charge is 10% of the amount factored. To obtain a 1-year loan of $55,000 Collins assigns $65,000 of specific receivable accounts to Crosby Financial. The finance charge is 8% of the loan; the cash is received and the accounts turned over to Crosby Financial e company wants to maintain the Allowance for Doubtful Accounts at 5% of gross accounts receivable. Based on an aging analysis, an allowance of $5,800 should be reported. Assume the allowance has a credit balance of $1,100. (If no entry is required, select "No Entry" for the account titles and enter No. Account Titles and Explanation 1. Cash for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit 22500 Due from Factor 2500 Accounts Receivable 25000 2. Cash 50600 Due from Factor 4400 Notes Payable 55000 3. Bad Debt Expense 4100 Allowance for Doubtful Accounts 4100 4. Bad Debt Expense 6450 Allowance for Doubtful Accounts 6450