Jeersha Corp. uses the balance sheet approach to estimate its uncollectible account at its year end, December 31, 2019. On that date before any adjustment for uncollectible accounts, Jeersha Corp. had the following balances: Accounts receivable $1,300,000 debit Allowance for doubtful accounts $2,350 debit The company's accountant prepared the following aging schedule and corresponding estimated uncollectible accounts for each category: 0 - 30 Days 31 -60 days 61 - 90 days Over 90 days Amount $950,000 $220,000 $110,000 $20,000 Uncollectible 0.5% 1% 10% 40% Required: 1. Calculate the total estimated amount of uncollectible accounts at December 31, 2019. (4 marks) 2. Prepare the journal entry to record the uncollectible accounts for the year ended December 31, 2019. (2 marks) 3. Show how accounts receivable would be presented on the December 31, 2019 Statement of Financial Position for Jeersha Corp (2 marks) 4. Assume on February 15, 2020, Jeersha Corp decided to write off the account of Mr. Dave Adams for $5350 Prepare the journal entry to record the write-off of this account (2 marks) 5. On July 2, 2020, the AR collections manager noticed in the paper that Mr. Adams was the lucky winner of a $10 million dollar Lotto 649 jackpot The manager called Mr Adams to ask for payment on his account Mr Adams agreed to make a payment and the company received and cashed his cheque for $5.050 on July 10. Prepare any entries necessary to record Mi Adams payment on account (2 marks)