Peace Ltd, a chair manufacturing company, uses the allowance method of accounting for uncollectible accounts receivable Transactions during the year: (1) 5th Jan Sold goods @$2,000 on credit to Mr A (originally cost $1,400) (2) 8th Jan Accepted a 60-day, 10% note for $2,000 from Mr A on account (3) 20th Jan wrote off a $1,250 account from Open Co as bad debt (4) 5th Feb Received from Mr A the amount due on his note of 8th Jan (5) 14th Feb Reinstated the account of Open Co and recovered $1,000 in cash (6) 24th Feb Sold goods @$10,000 on credit to Mr B (originally cost $7,700) (7) 28th Feb It is estimated that 15% of the credit sales on 24th Feb will be uncollectible Journalise the transactions given that the accounting period is set at monthly