The Workbook contains sales and receivables transactions that will occur 2023. Based on your analysis of receivables in 2022, you determined that 5% of credit sales will ultimately be uncollectible. Using Direct Mehod to handle uncollectible Accounts Receivables, complete the journal entries for the following transactions. Enter the transactions into T-Accounts (T-Accounts tab), which will be incorporated into financial statements at the end of the project.

Part 1

Jan 15	Sold goods on credit to SuperExpress for $5,000, terms 2/10, n/30.
Jan 25	Received payment from SuperExpress for the Jan 15 transaction.
Mar 12	Sold goods on credit to Sombra Empresa for $8,000, term 2/10, n/30.
Apr 1	Wrote off the $3,000 prior year balance of Malo Cliente.
Apr 12	Sent a reminder to Sombra Empresa for payment of their Mar 12 invoice.
May 7	Sold goods on credit to El Sol de San Marcos for $7,000, term 2/10, n/30.
May 12	Sent second reminder to Sombra Empresa. They called and promised to pay soon.
May 30	El Sol de San Marcos is unable to pay the May 7 invoice and has been granted a 1-year, 5% notes receivable instead.
Jun 30	Received $100 from Sombra Empresa for partial payment of their balance owed.
Jul 31	Booked cash sales for the month of July for $23,000.
Aug 15	Reached out to Sombra Empresa to try to collect on their past due balance.
Sep 12	Wrote off the account of Sombra Empresa.
Sep 25	Scheduled a catering job for $5,000 on Oct 15 with Casa Azul. The client paid a 50% deposit and will pay the remainder once the event concludes.
Oct 15	Completed catering job for Casa Azul and issued an invoice with terms n/30.
Nov 15	Received payment from Casa Azul for the Oct 15 catering job.