a) After completing all of the entries in Exercise One, what is the correct account balance for Allowance for Doubtful Accounts? See circle on the printed exercise. (5 points for correct answer. No partial credit).

b) After completing all of the entries in Exercise One, what is the correct account balance for Uncollectible Accounts Expense? See circle on the printed exercise.

c) After completing all of the entries in Exercise Two, what is the correct account balance for Allowance for Doubtful Accounts? See circle on the printed exercise.

d) After completing all of the entries in Exercise Two, what is the correct total Uncollectible Accounts Expense? See circle on the printed exercise.

EXERCISE TWO: Complete the following problem using the provided t-accounts. If you get stuck, review the completed example above once again. Roduk Inc. uses the Allowance method for accounting for uncollectible receivables. (a) Record the adjusting entry at December 31, the end of the fiscal year, to estimate for doubtful accounts. The accounts receivable account has a balance of $200,000, and the Allowance for Doubtful Accounts before adjustment has a credit balance of $4,200. Analysis of an aging of receivables estimates doubtful accounts of $8,000 at 12/31. (b) In April of the following fiscal year, $700 owed by Kathy Jones on account is written off as uncollectible. (c) A few weeks later, Kathy pays the $700 balance. Accounts Receivable Allowance for Doubtful Accounts Uncollectible Accounts Expense Cash TTTT Bal. $ Bal. $