Check my work 1 = Matthews Distributors is an award winning beverage distributor in the state of Iowa. For the current year, Matthews Distributors has the following transactions: total beverage sales = $680,000; sales discounts $16,500; sales returns = $43,000; sales allowances = $23,000. In addition, at the end of the year the company estimates the following transactions associated with beverage sales in the current year will occur next year: sales discounts = $1,650; sales returns = $5,160; sales allowances = $3,070. Compute net sales. 14.28 points Skipped Total sales eBook Print Net sales Check my 2 Medillan Clinic provides treatment and care for individuals with spinal cord injuries. On December 31, 2021 before any adjustment, the clinic has the following balances: Accounts Receivable = $97,000; Allowance for Uncollectible Accounts = $2,700 (debit). As shown below, the clinic uses an aging of accounts receivable to estimate uncollectible accounts. 14.28 points Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Estimated Percent Amount Receivable Uncollectible $ 47,000 4% 24,700 20% 14,7ee 30% 10,6ee 85% $ 97, eee eBook Hint Required: 1. Estimate the amount of uncollectible receivables. Print Age Group Estimated Amount Uncollectible References Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total 2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (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 1 > Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit