ACC2202 Online Version B Question File Review View O Tell me Mailings AaBbCcDdEe |MM一处|T AaBbCcD AaBbCcDdEe 川、而 AaBbCcDdE Normal No Spacing Heading 1 Heading 2 三、1 12 13 14 15 16 17 18 10 11 2. 4. 5....

Extracted text: ACC2202 Online Version B Question File Review View O Tell me Mailings AaBbCcDdEe |MM一处|T AaBbCcD AaBbCcDdEe 川、而 AaBbCcDdE Normal No Spacing Heading 1 Heading 2 三、1 12 13 14 15 16 17 18 10 11 2. 4. 5. Question 3: In 2022, Johnson Company's first year of operations, the following transactions occurred: (a) Inventory costing $425,000 was sold on credit to customers for a total of $675,000. Johnson uses a perpetual inventory system. (b) During the year, Jung wrote off specific customer accounts totalling $5,000 (c) Cash was received from customers as payment on account, $300,000 (d) Jung estimated that 2.5% of ending accounts receivable would become uncollectible. Required: Prepare journal entries to record the above transactions. Date all entries on December 31, 2022. Show supporting calculations for entry (d)