1. All of the following are financing activities except:

Lending money

Selling stock

Paying dividends

Borrowing money

2.

At December 31, before adjusting and closing the accounts had occurred, the Allowance for Doubtful Accounts of Seaboard Corporation showed a debit balance of $3,200. An aging of the accounts receivable indicated the amount probably uncollectible to be $2,100.

Given this information, write the year-end adjusting entry for Seaboard Corporation in Journal Entry format.