5. Uncollectible Accounts and Bad Debts Gable Incorporated provides legal services. During 2018, the company provides services of $500,000 on account. Of this amount, $70,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2018, is provided below. Age Group Amount Receivable Estimated Percent Uncollectible Not yet due $40,000 5% 030 days past due 19,000 10% 3160 days past due 9,000 20% More than 60 days past due 6,000 40% Total $74,000 Q12. Calculate the total balance of the allowance for uncollectible accounts after the company makes estimates using the aging method.

Q13. Record the December 31, 2018 adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $500 (credit).

Q14. On April 3, 2019, a customer's account balance of $600 is written off as uncollectible. Record the write-off.

Q15. On July 17, 2019, the customer whose account was written off in Requirement 3 unexpectedly pays $200 of the amount but does not expect to pay any additional amounts. Record the cash collection.