For all journal entries, please indicate whether eacn equity $(E)$ to receive full credits.

At the beginning of $2021,$ ABC Corp. has a balance of $$25,000$ in accounts receivable. Because ABC is a privately owned company, the company has used only the direct writeoff method to account for uncollectible accounts. However, at the end of $2021,$ABC wishes to obtain a loan at the local bank, which requires the preparation of proper financial statements. This means that ABC now will need to use the allowance method. The following transactions occur during $2021$ and $2022.(12$ points$)$

Make Journal Entries for the following Transactions

On $\frac{03}{01}\frac{?}{2021},$ install air conditioning systems on account, $$190,000.$

On $\frac{05}{01}\frac{?}{2021},$ collect $$150,000$ from customers on account.

At the end of $2021,$ ABC estimated that uncollectible accounts total $15\%$ of ending accounts receivable.

On $\frac{04}{02}\frac{?}{2022},$ customers' accounts totaling $$2,000$ are written off as uncollectible.