2. At the end of the current year, a company has Accounts Receivable of $189.000 and an Allowance for Bad Debt with a credit 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: 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: (2 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: 19.5 points) Description/Account Debit Credit Date Illustrate how the above entry will affect the accounting equation: Assets Liabilities Owner's Equity Page 2 of 12 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: (2 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 Debit Credit Date Illustrate how the above entry will affect the accounting equation: Assets Liabilities Owner's Equity Page 2 of 12