6. At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: (10) 1. Accounts not yet due = $70,000; estimated uncollectible = 4%. 2. Accounts 1-30 days past due = $30,000; estimated uncollectible = 15%. 3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 40%. Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,200 (debit). Financial Accounting Mid-Term 181. Record the following transactions. If an entry is not required, state "No Entry." F.M: 80 (a) Started business by issuing 10,000 shares of common stock for $20,000. (b) Hired Rebecca as an administrative assistant, promising to pay her $2,000 every two week. (c) Rented a building for three years at 5500 per month and paid six months' rent in advance. (d) Purchased equipment for $5,400 cash. (e) Purchased $1,800 of supplies on account. () Provided services to customers for $7,800 cash. (g) Paid employee salaries, $5,200. (h) Paid for supplies purchased in item (e). (Paid $800 for current advertising in a local newspaper (1) Paid utility bill of $1,300 for the current month