ABC Ltd has accounts receivable of $99 600 at 30 April, 2019. An analysis of the accounts shows these amounts as follows:

Month of sale		Balance of Accounts Receivable
April, 2019		$50 000
March, 2019		43 000
February, 2019		1 200
January, 2019		5 100
December and November, 2018		300
		99 600

Credit terms are 2/7, n/30. At 30 April, 2019, there is a $2000 credit balance in Allowance for Doubtful Debts before adjustment. The entity uses the ageing of accounts receivable basis for estimating uncollectable accounts. Estimates of bad debts are as follows:

Age of accounts			Estimated percentage uncollectable
Current			2%
1-30 days past due			5%
31-90 days past due			40%
over 90 days			50%

Required:

a) Determine the total estimated uncollectable (1 mark)

b) Prepare the adjusting entry at 30 April, 2019 to record bad debts expense (1 mark)

c) In May, 2019, a cheque for $1500 is received from the customer whose account was written off as uncollectable in February. Prepare the journal entry. (2 marks)