Background: The 2018 and 2019 transaction related to receivables for Delta Watches are induded in the Transaction section below Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Transactions: 12/31/2018 Estimated that bad debts expense for the year was 2% of credit sales of $450,000 and recorded that amount as an expense. The company uses the allowance method 12/31/2018 Made the closing entry for bad debts expense (remember to polect the closing Entry check box) 01/12/2019 sold merchandise inventory to Mack Smith, $400, on account. Ignore Cost of Goods sold 06/29/2019 Wrote oft Mack Smith's account as uncollectible after repeated attempts to collect from him. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Dobit Credit Closing Entry No transactions in Journal Transactions 01/06/2019 Received $400 from Mack Smith long with the apologizing for being setentated's sccount in full and corded the cash recept (econd parte entre 12/30/2010 Wrote off a total of $3.000 of receivables that are now considered to be uncollectible 12/30/2019 Estimated the bad debt een for the year was of credito 5510.000 recorded the expert POPOLO Made the closing entry for bad debts expense remember to select the long ty check to