1) 808 Inc. has the following account balances at the end of the current fiscal year:

Revenues (all credit): $ 1,350,000

Accounts Receivable: $450,000

Allowance for Doubtful accounts: $13,400

Prepare the journal entry to record bad debt expense and to adjust the allowance for doubtful accounts based on the following (note that there were no write-offs in the current period):

Using the percentage of total credit sales assuming a bad debt loss rate of 1.5%

Using an aging of accounts receivable based on the below:

Accounts Receivable aging:

Aging	Amount	Estimated Bad Debt Rate
0-30 days	250,000	0.5%
31-60 days	125,000	5%
61-90 days	50,000	10%
90+ days	25,000	50%

2) Note the following information related to a companys cash account :

Cash balancer per bank, 12/31/122	9,610
Check #6832 cleared the bank for $240, but erroneously recorded by company for $268
Outstanding checks	2,417
Deposit by ABC Inc erroneously recorded to the company by the bank	486
NSF check returned by bank	281
Cash balance per books, 12/31/22	7,430
December 2022 interest per bank	30
Check mailed to bank for a deposit that had not reached the bank by 12/31/22	500

Prepare a bank reconciliation for the company for the month ended December 2022.

Prepare any journal entries that should be made based on the reconciliation prepared.