Castro Shoes Company is in the power boat manufacturing business. As of 2015 September 1, the balance in its Accounts Receivable by Age account is $156,000. A schedule of accounts receivable by age is as follows: Use the Following Uncollectible Accounts rates: 1. Compute the estimated uncollectible accounts at the end of the fiscal year using above rates. 2. The credit balance was = $230 in Allowance for Doubtful Accounts (December 31, 2015), please calculate the amount of the adjustment for uncollectable accounts expense. This adjustment should included as a part of the adjusting entries. Record this entry. 3. Elson Adam (account receivable) did not make a payment on time and the amount of $670 was classified as uncollectible and written off on 3. Elson Adam (account receivable) did not make a payment on time and the amount of $670 was classified as uncollectible and written off on June 15, 2015, please record this journal entry. 4. Please, estimate the uncollectible accounts using percentages of the total accounts receivable on December 31, 2015. The rate = 3% of the total total accounts receivable. Record this entry. Adjustment for Estimated Uncollectible Accounts Estm. Of Uncollectible Accounts Less Credit balance Estimated Uncollectible Accounts After Adjustment