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Question: 3 On December 31, 2022, Z Electronics Ltd., a seller of electronic products has the following balances: Cash balance per book of $5.350. Bank Statement Balance: $6,000. Comparing the cash balance as per books versus the bank statement, the following was found: 1. The bank collected $1,190 for Z electronics through electronic funds transfer. 2. Company check No. 501 issued to Henry Ford, a creditor, for $450 that cleared the bank in December was incorrectly entered as a cash payment on December 10 for $400. 3. Bank service charge for December amounted to $70. 4. There was an NSF charge of $320 for a check received by the company from Tom Atkins, a customer, on account. 5. On December 31, outstanding checks amounted to $1900. 6. $2000 worth of deposits were not included in December's bank deposits as they were in transit. Instructions: a) Prepare the bank reconciliation as of December 31. [6] b) Prepare the necessary adjusting entries at December 31. [4] Question: 4 a) Avett Furniture Store has credit sales of $400,000 in 2014 and a debit balance of $600 in the Allowance for Doubtful Accounts at year end. As of December 31, 2014. $130,000 of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $7,000 will prove to be uncollectible. On March 4, 2015, the credit manager authorizes a write-off of the $1,200 balance owed by B. Fernitti. Instructions 1) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2014. [2] 2) Show the balance sheet presentation of accounts receivable on December 31, 2014. [2] 3) On March 4, before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $3.000. Make the Page 3