5 1) Prepare the journal entry to record an uncollectible account receivable of $10,000 using the direct write off method. (2 POINTS) 2) Moonlight Company wrote off the account of one of its customers, X, in 2018 for $500. On January 21, 2019, X unexpectedly repaid his account in full. The company uses the direct write off method to account for uncollectible receivables Journalize the entries required for Moonlight Company on January 21, 2019. (4 POINTS) 3) Fleet Transportation is a new business During its first year of operations credit sales were $40,000 and collections of credit sales were $36,000. One account, $650, was written off Management uses the percent of sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. Prepare the entry to record bad debts expense. (2 POINTS) 4) During June 2019, Andy Company had the following transactions: 1 Sales of $185,000 ($142,000 on account, $43,000 for cash). 2. Collections on account, $128,000 3 Write-offs of uncollectible receivables, S1,900 4. Recovery of receivable previously written off $600. Additional information Ignore Cost of Goods Sold Andy uses the allowance method for uncollectibles Andy estimates that 4.50% of its accounts receivable will be uncollectible. On June 1, 2019, the Accounts Receivable balance was $25.000 and the Allowance for Bad Debts had a normal account balance of $1,125. Requirements: a Prepare the journal entries for the June 2019 transactions. 11 POINTS)