A. ACCOUNTS RECEIVABLEUNCOLLECTIBLE ACCOUNTS Instructions Present the journal entries specified below; show supporting calculations. Each item should be considered independently. The trial balance of Brinkly Company at December 31, 2007, includes the following: Debits Credits Accounts Receivable 100,000 Allowance for Doubtful Accounts 500 Sales (all on credit) 800,000 (1) If Brinkly uses the aging method and estimates that $5,000 of receivables will be uncollectible, prepare the adjusting entry. (2) If Brinkly estimates uncollectibles at 5% of accounts receivable and the allowance account had a $500 credit balance instead of a $500 debit balance, prepare the appropriate adjusting entry. (3) Assume that on February 10, 2008, the specific account of Laura Ames with a balance of $400, is deemed uncollectible. Record the write-off. (4) Assume that on May 12, 2008, Ames pays the above balance in full. Record the appropriate entries. B. SALE OF ACCOUNTS RECEIVABLE Instructions Present the journal entries specified below. (1) Binger Company sells $200,000 of accounts receivable to Local Factors Inc. for cash less a 3.5% service charge. Record the sale. (2) Binger Company sold merchandise for $4,000 and accepted the customers VISA card. VISA charges a 3% service charge. Record the sale