Gable incorporated provides legal services. During 2018, the company provides services of $500,000 on account. Of this amount, $70,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2018

Questions:

1. On April 3, 2019, a customer's account balance of 600$ is written off as uncollectible. Record the write off.

2. On July, 2019, the customer whose account was written off in Requirement 3 unexpectedly pays $200 of the amount but does not expect to pay any additional amounts. Record the cash colletion.

2) (16 point) Gable Incorporated provides legal services. the company provides services of During 2018, 500,000 on account. Of this amount, $70,000 remains uncollected at the end of the year. An aging schedule a of December 31, 2018, is provided below Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $40,000 5% 0-30 days past due 19,000 10% 31-60 days past due 9,000 20% 6,000 40% More than 60 days past due $74,000 Total Required