2 At the end of the current year, a company has Accounts Receivable of $189.000 and an Allowance for Rad Debt with a credite balance of $2,000. The company uses the analysis of receivables method to estimate the Allowance for Bad Debt, which estimated 10% of the total receivables as uncollectible Journalize the needed adjusting entry for uncollectible accounts: (5 points) Description/Account Debit Credit illustrate how the above entry will affect the accounting equation (amounts and direction): Assets = Liabilities Owner's Equity 3. On December 16", a company receives a 60-day, 12% note for $102,000 from a customer. a. Determine the due date of the note: 12 points) b. The company operates on a calendar year basis, calculate the interest revenue accrual at year- end using a 360-day calendar. Show your work: (2 points) C. Journalize the receipt of payment at maturity using a 360-day calendar: (9.5 points) Description/Account Description/ Debit Credit Date illustrate how the above entry will affect the accounting equation (amounts and direction): Assets Liabilities Owner's Equity Page 2 of 11