cer 5 Homework (Algo) i Saved of 4 Required information Problem 5-4B Record transactions related to uncollectible accounts (L05-4,5-5) [The following information applies to the questions displayed below.) Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $404,000 on account. Of this amount. $54.000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. ok Amount Receivable $34,000 10,400 7.400 2,200 $54,000 Age Group Not yet due 8-30 days past due 31-60 days past due More than 60 days past due Total Estimated Percent Uncollectible 39 49 119 25% nt ances Problem 5-4B Part 4 4. On July 17, 2022, the customer whose account was written off in Part 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 Problem 5-8B Record long-term notes receivable and interest revenue (LO5-7) On April 15, 2021, Sampson Consulting provides services to a customer for $94,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15. (Hint: Because the note is accepted during the middle of the month, Sampson plans to recognize one-half month of interest revenue in April 2021, and one-half month of interest revenue in April 2024) Required: 1. Record the acceptance of the note on April 15, 2021. 2. Record the interest collected on April 15 for 2022 and 2023, and the adjustment for interest revenue on December 31, 2021, 2022, and 2023 3. Record the cash collection on April 15, 2024. Bok int ances Prepare the journal entries for the above transactions. (Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet