4. Company has an unadjusted debit balance in allowance for doubtful accounts of $10,000. The company also has an unadjusted balance in A/R for 100,000; from a year-end analysis to impact balances - the company determines it is going to write off $5,000. It then determines that 20% of the remaining balance is "current" with a 1% likely uncollectible rate. 50% of the balance is is non-current with a 10% likely uncollectible rate. The remaining balance is past-due with a likely 20% uncollectible rate. The company uses the aging method. a. What is the entry to recognize bad debts? b. What is the amount shown on the balance sheet? Use the following information for questions 4 through 7. Transactions for the month of June were: Purchases June 1 (balance) 2,200 @ $3.20 3 3,300 @ 3.10 7 1,800 @3.30 15 2,700 @ 3.40 22 750 @ 3.50 June 2 6 9 10 18 25 Sales 900 @ $5.50 2,400 @ 5.50 1,500 @ 5.50 600 @ 6.00 2,100 @ 6.00 300 @ 6.00 5. Assuming that periodic inventory, the ending inventory on a LIFO basis is 6. Assuming that perpetual inventory records are kept the ending inventory on a LIFO basis is 7. Assuming that perpetual inventory records are kept the ending inventory on a FIFO basis is