1. AB Company has a debit balance of $3500 in Allowance for Doubtful Accounts. At year end the Accounts Receivable Balance is $900,000. AB Company expects 10% of this will be uncollectible. Prepare the journal entry to record estimated uncollectibles. Account Debit Credit 2. AB Company deems the balance of $800 from CD company to be uncollectible. Prepare the journal entry to write off the balance. Account Debit Credit 3. CD Company pays the $800 that was previously written off. Prepare the required journal entries. Account Debit Credit 4. AB company receives $20,000 for a 6 month, 8% note on 11/1/20. Prepare the journal entry for the receipt. Account Debit Credit 5. Prepare the journal entry to accrue interest on the above note at 12/31/20. Account Debit Credit 6. Prepare the entry to record payment of the above note in full on it's due date of 5/1/21. Account Debit Credit 7. AB Company purchases a truck in the amount of $18,000. Additional costs include sales painting of $2500, license of $150 and a 1 year auto insurance policy of $1200. Complete journal entry for the auto purchase. Account Debit Credit