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1. AB Company has a debit balance of $4500 in Allowance for Doubtful Accounts At year end the Accounts Receivable Balance is $1,000,000 AB Company expects 10% of this will be uncollectible. Prepare the journal entry to record estimated uncollectibles 8. Calculate year 1 depreciation for the car purchase in #7 a useful life of 5 years and 150,000 estimated useful life in Straight Line Depreciation: Account Debit Credit Declining balance depreciation: 2. AB Company deems the balance of $5800 from CD company to be uncollectible. Prepare the journal entry to write off the balance. Units of Activity depreciation: Account Debit Credit 3. CD Company pays the $5800 that was previously written off. Prepare the required journal entries. 9. AB Company sells machinery for $10,000. They originally and have depreciated $10,000. Complete the journal entry Account Debit Credit Account Debit Credit 4. AB company receives $10,000 for a 6 month, 8% note on 11/1/20. Prepare the journal entry for the receipt. 10. AB Company's register tape shows $4800 in sales. This Complete the journal entry for the sales. Account Debit Credit Account Debit Credit 5. Prepare the journal entry to accrue interest on the above note at 12/31/20. Account Debit Credit 11. AB Company owes wages in the amount of $40,000. W $3060 for FICA, $4000 for federal income tax and $2000 for were $140 for federal unemployment and $80 for state une for salaries and wages and the employer tax expense 6. Prepare the entry to record payment of the above note in full on it's due date of 5/1/21. Account Debit Credit Account Debit Credit 7. AB Company purchases a truck in the amount of $15,000. Additional costs include sales tax of $1500, painting of $2500, license of $150 and a 1 year auto insurance policy of $1200. Complete the journal entry for the auto purchase. Account Debit Credit 12. On 1/1/21, AB Company sold $100,000, 10%, 10 year b Complete the entries for the bond issuance and the first ye Account Debit Credit