Brockrie Services Inc. started business on March 1, 2020. The company produces monthly financial statements and had total sales of $650,000 (of which S617,500 were on account) during the first four months. On June 30, the Accounts Receivable account had a balance of $212,400 (no accounts have been written off to date), which was made up of the following accounts aged according to the date the services were provided: (Click the icon to view the aging-of-accounts-receivable table.) - X More info (Click the icon to view the accounts recevable transactions.) Required -X Month of Service: More info March May June 2,400 $ 1,440 $ 9 Customer Tara's Trucks Vidal Ltd. Leo Withers Marlene Wu 4,800 April 2,900 $ 1,300 $ 1,900 1,800 7,500 4,900 6,800 3,700 13,264 22.488 1,850 9,800 The following accounts receivable transactions took place in July 2020: Jul. 12 Determined the account of Vidal Ltd. was uncollectible and wrote it off. 15 Collected $4,550 from Tara's Trucks for services in the first three months. 21 Decided the account of Leo Withers was uncollectible and wrote it off. 24 Collected $6,800 from Marlene Wu for services in the month of March. 26 Received a cheque from Leo Withers for $10,800 plus two cheques, of $9,775 each, postdated to September 10 and November 10 31 Total sales of service in the month were $164.000; 75 percent of these were on account and 60 percent of the sales on account were collected in the month. 8,350 12.900 30,754 16,800 56,954 Other Accounts Receivable $ 32,364 $ 34,188 $ 57,504 $ 88,344 Print Done Print Done Required More info Month of Service: 1. Brockrie Services Inc. has heard that other companies in the industry use the allowance method of accounting for uncollectibles, with many of these estimating the uncollectibles through an aging of accounts receivable. a. Journalize the adjustments that would have to be made on June 30 (for the months of March through June), assuming the following estimates of uncollectibles: Customer March April May June Tara's Trucks $ 2,900 $ 1,300 $ 2,400 $ 1,440 Vidal Ltd. 1,900 1,800 1,850 4,800 Age of Accounts Receivable Estimated Percent Uncollectible Leo Withers 7,500 4,900 9,600 8,350 From current month 2 % Marlene Wu 6,800 13,264 3,700 22,488 12,900 30,754 16,800 56,954 Other Accounts Receivable 32,364 $ 34,188 $ 57,504 $ 88,344 From prior month 4 From two months prior 6 From three months prior 25 From four months prior 55 (Round your total estimate to the nearest whole dollar.) b. Journalize the transactions of July 2020. C. Journalize the month-end adjustment, using the table that appears in requirement 1a. 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable. b. The overall effect of the uncollectibles on the income statement for the months of June and July 2020. Print Done