Treat the following as three parts as separate cases: Part 1 of 3 Lynbrook, Inc. applies the allowance method to record transactions relating to their accounts receivables. On December 31, 2018, the company had a debit balance of $475,000 in Accounts Receivable and a credit balance of $25,000 in their Allowance for Doubtful Accounts. During 2019, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows: a. Provided $1,300,000 of delivery services on credit, terms n/30.

b. Wrote off $18,000 of uncollectible accounts receivable. c. Received $700,000 cash in payment of accounts receivable.

d. In adjusting the accounts on December 31, the company estimated that 2.5% of accounts receivable would be uncollectible. Required: Prepare journal entries to record Lynbrooks summarized transactions above and its year-end adjustments to record bad debts expense. (The company applies the allowance method for its accounts receivable. Round amounts to the nearest dollar.)