1 The company's bank statement shows a cash balance of $12,000. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $7,000, deposits outstanding of $7,500, NSF check of $200, and service fee of $25 and a $1,200 note receivable collected by the bank. Calculate the correct balance of cash: 12,500 2 At December 31, the company had account balances in Accounts Receivable of $50,000 and in Allowance for Uncollectible Accounts (AUA) of $300 (credit) before any adjustments. An analysis of the company's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. After the adjusting entry, what is the balance in the AUA account? $2,500