BAT4M-Unit 2 Activity 3 Assignment 1 - Accounting for Current Assets Record the following transactions in the spreadsheet template provided for this assignment. 1. On May 1, 2019, Ahmed & Ahmed Dental Office had five patients who paid with different forms of payment. They use a revenue account called Dental Service Fees. Assume there is no sales tax. Record the following transactions in the general journal. a. A patient pays $90 cash for a regular check-up. b. A patient pays $125 with a ScotiaBank Visa card. Scotia Bank charges merchants a 3% service fee. c. A patient pays $225 for two fillings with a debit card. The bank charges merchants 25 cents per transaction. d. S. Smith promises to pay $150 for dental services at the end of the month. e. A patient pays for $150 in services with an American Express card. The service fee that American Express charges merchants is 6%. 2. Rodriguez Carpentry accepts a six month, 9% promissory note from James Matheson on June 1 to settle a $15,000 outstanding account receivable. Record the following transactions in the general journal: a. The issuing of the note on June 1. b. Full payment of the note on December 1. c. Assume the note is dishonoured on December 1. 3. On February 1, 2019, Samson Design writes off $2,500 of its accounts receivable as bad debts. a. Using the direct write-off method, record this transaction. b. Which GAAP is (are) violated when the direct write-off method is used? Explain your answer. BAT4M-Unit 2 Activity 3 Assignment 1 - Accounting for Current Assets ecord the following transactions in the spreadsheet template provided for this ssignment. 1. On May 1, 2019, Ahmed & Ahmed Dental Office had five patients who paid with different forms of payment. They use a revenue account called Dental Service Fees. Assume there is no sales tax. Record the following transactions in the general journal. a. A patient pays $90 cash for a regular check-up. b. A patient pays $125 with a ScotiaBank Visa card. ScotiaBank charges merchants a 3% service fee. c. A patient pays $225 for two fillings with a debit card. The bank charges merchants 25 cents per transaction. d. S. Smith promises to pay $150 for dental services at the end of the month. e. A patient pays for $150 in services with an American Express card. The service fee that American Express charges merchants is 6%