A/R and ADA: 1 Dave began the year with a $550,000 balance for A/R and a $15,000 credit balance for ADA. He sold $5,000,000 worth of services, on account, throughout the year. Receivables collected throughout the year totaled $3,500,000. He was also informed that one of his customers had declared bankruptcy and his invoice for $10,000 would not be paid. After analyzing his year-end aging schedule and considering other economic information and forecasts, Dave estimates that 2.5% of his receivables will not be collected. Prepare the JEs for the year and show how the A/R and ADA accounts will appear on the balance sheet. 2. Andrea began the year with a $60,000 balance for A/R and a $600 credit balance for ADA. She sold $600,000 worth of services, on account throughout the year. Receivables collected throughout the year totaled $360,000. She was also informed that one of her customers had declared bankruptcy and her invoice for $600 would not be paid. After analyzing her year-end aging schedule and considering other economic information and forecasts, Andrea estimates that 3.6% of her receivables will not be collected. Prepare the les for the year and show how the A/R and ADA accounts will appear on the balance sheet. 3. Mackenzie began the year with a $777,000 balance for A/R and a $17,000 credit balance for ADA. She sold $7,750,000 worth of services, on account throughout the year. Receivables collected throughout the year totaled Sz 100,000. She was also informed that one of her customers had declared bankruptcy and her invoice for $70,000 would not be paid. After analyzing her year-end aging schedule and considering other economie information and forecasts, Mackenzie estimates that 4.79 of her receivables will not be collected. Prepare the Jes for the year and show how the A/Rand ADA accounts will appear on the balance sheet