Exercise: Prepare and enter the following Journal Entries: Regular or Single Use Journal Entries (only need to enter 2 of the 4 entries below): Transfer $25,000 from Savings to Cash. (debit Cash, credit Savings) Accrue $50,000 additional Allowance for Doubtful Accounts (debit Bad Debt Expense, credit Allowance for Doubtful Accounts) Reclassify $10,000 into Prepaid Expenses and $5,000 into another Prepaid Expense account crediting Other Assets $15,000. Record combination of cash and credit sales: Debit Cash $1,000, debit Accounts Receivable $19,000 and credit Sales $20,000. Recurring Journal Entry: Set up a Recurring Journal Entry to amortize monthly insurance expense of $7,000. (debit Insurance Expense, credit Prepaid Expenses - Insurance) Reversing Journal Entry: Set up a Reversing Journal Entry to accrue $100,000 in payroll expense in the current period and reverse that entry out in following period. Use Accounts Payable for the contra-account