SECTION C. Problem Solving: Please type your answers to each of the following on the online text answer box (40%): 1. Mix Recording Studios purchased $7,800 in electronic components from Techcom. Mix Recording Studios signed a 60-day, 10% promissory note for $7,800. Record Techcom's joumal entry for this transaction. 2. On December 31, 2019, the following were the balances in SRK Ind's Trial Balance: Accounts Receivable: DR$107,250; Revenue CR $800,000 Assuming 6% of the outstanding Accounts Receivable at December 31, 2019 are still estimated to be uncollectible? Record the entry to show the estimated Bad Debt. 3. Navneet's company received a Bank Statement on June 30, 2019 that showed a balance of - $2,220 (negative balance). However, its books at the end of same date showed a balance of +$1,530 (positive balance). A quick bank reconciliation by the company's accountant indicated that the only items outstanding were two deposits in transit. What were the totals of these two deposits in transit? Please show your calculation. 4. Lovepreet Enterprises closed its books at end of Dec. 31, 2019 and wrote-off $12,000 of Accounts Receivable as Bad Debt. However, in March 15, 2020, it received $10,000 cash of that amount from a customer, Samuleson. Record the entries showing the reinstatement of the account and the subsequent receipt of the monies