I need help with part B,E and F

At the end of every quarter, QR ages its accounts receivable balance to determine the necessary adjustment to its allowance account. On January 1, Gross Accounts Receivable amounted to $316,000. Total sales for the quarter ended March 31 amount to $1 million and are all on account. During the first quarter, QR wrote-off $24,000 of Accounts Receivable as uncollectible The balance in the Allowance for Uncollectible Accounts before any adjustment related to the March 31 aging but after recording the write off is $2,000 Credit. Accounts receivable amounted to $355,000 at March 31, aged as follows: Category Dollar Amount Uncollectible % Current $283,000 2% AIR ADA 24000 30-60 days past due 49,500 6% 24000 -2000 60-90 days past due 15,500 26% 16160 355,000 Over 90 days past due 7.000 50% Total $355,000 Requirements (a) Calculate the required balance in the Allowance for Uncollectible Accounts as of March 31. (4 pts) 5660 2470 4030 3 Soo $16, 160 (b) Calculate bad debt expense for the quarter ended March 31. (3 pts) AR ADA 2000 Bad debt = 38160 24,000 16160 2000 + x x - 24000 = 16160 Problem 2 - continued (c) Prepare the adjusting journal entry QR will make to adjust the Allowance for Uncollectible Accounts at March 31. (3 pts) Credit Account Title and Description Debit Bad Debt Expense 38,160 Allowance for Doubful Acc. 38,160 OK CTE (d) Calculate the amount of Net Accounts Receivable reported on the March 31 balance sheet SHOW WORK (3 pts) 3ssooo - 16160 338840 (e) Calculate cash received from customers for the first quarter. SHOW WORK (4 pts) 1000,000 - 338,840 = 661,160 -3 (f) What does the Allowance for Uncollectible Accounts at March 31 represent? Select the correct response. (3 points) 7. An amount of cash set aside to make up for the customers who never pay the amount they owe to QR Company A contra revenue account which reduces sales revenue 3 A contra asset account which reduces the gross amount in Accounts - 3 Receivable to net realizable value. 4. The amount of accounts receivable written off every year