Please answer the following question, Thanks!

Bad Debts Expense Mildred owns Mitdred's Motorcycte Repair in Etobicoke. Sadly, Mildred does not always receive payment on her accounts, and must sooner or later write them off. April 30: May 3: May 8: May 18: May 23: May 29: May 31: Mildred uses the allowance method to account for her Bad Debts Expense. In particular, she uses the percent of sales (Income Statement focus) approach. The total sales for the month of April are $12,000.00. Mildred estimates her Bad Debts expense to be 5% of her total sales. Make the necessary adjusting entry to record the allowance for this bad debts expense. Mildred provides 0. Varone $200.00 of repairs on credit. Mildred provides K. Smith $300.00 of repairs on credit. Mildred tries to phone C. Varone to see about his late payment, but the phone number is disconnected. Mildred writes off the entire account, totaling $200.00. Mildred tries to phone K. Smith to see about her late payment, but she learns that Ms. Smith has declared bankruptcy. Mildred writes off the entire account, totaling $300.00. Much to her surprise, Mildred receives a $200.00 payment on the C. Varone account! It turns out that Mr. Varone had simply moved and needed some time to catch up on his nances. The total sales for the month of May are $8,000.00. Remember, Mildred estimates her Bad Debts at 5% of her total sales. Make the necessary adjusting entry to record the prediction of this bad debts expense. Lump-Sum Asset Purchase 1. Journalize the following lump-sum purchase of capital assets on March 19'\