** ACCOUNTING HOMEWORK**

Blocker Company estimates its uncollectible accounts based on an analysis of receivables. On December 31, a junior accountant prepared the following aging schedule for the companys $88,000 in outstanding receivables.

Estimated Uncollectible Accounts Age Interval Amount % Not due $58,650 1-30 days past due 13,220 4% 31-60 days past due 8,930 20% 61-90 days past due 4,000 30% Over 90 days past due 3,200 50% 588,000 The allowance for Doubtful Accounts currently has a $210 debit balance. 1. Prepare the adjusting entry to record the company's estimate of uncollectible accounts Accounts CR Date DR 2. Prepare the journal entry to write off the following accounts: T. Donaldson......... $ 700 450 D. Mie Date Accounts DR 1.000 CR 3. Prepare the journal entry to record receipt of the $450 owed by J. Kyle. Date Accounts DR CR 4. Write an answer to the following question: What circumstances would cause the Allowance for doubtful Accounts to have a debit balance prior to adjustment