Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods sold entries.) (a) On July 1, Marigold Corp. sold merchandise on account to Stacey Inc. for $24,400. (b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Marigold Corp.. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings Cash Accts. Rec. Common Stock Rev. Exp. (a) July 1 $ i $ 24,400 | ta i $ 24,400 L $ i Sales revenue (b) D 8 i D -2,200 -2,200 Sales returns & allowances (c) 11 22,200 -22,220 Flint Corporation has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $330,500 2,222, 100 5,643 Bad debts are estimated to be 6% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings Allowance for doubtful accounts Common Stock Revenue Expense Accounts Receivable 330,500 Beg. Bal. $ 2,222,100 -5643 i -14,187 | Adj. -14,187 Bad debt expense