orange corporation uses the following items for its bank reconciliation for the month of April balance per books april 30 $905

1. Orange Corporation uses the following items for its bank reconciliation for the month of April. Balance per books April 30 $ 905 Balance per bank statement April 30 $11,300 (1) Checks written in April but still outstanding $6,300. (2) Checks written in March but still outstanding $2,800. (3) Deposits of April 30 not yet recorded by bank $4,900. (4) NSF check of customer returned by bank $500. (5) Check No. 210 for $594 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $549. (6) Bank service charge for April was $40. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in April. (8) The bank collected a note receivable fost the company of $6,000 plus $240 interest revenue. Prepare the bank reconciliation at April 30. 2. Champ Corporation has a $300 credit balance in Allowance for Doubtful Accounts at December 31, 2017, before the current year's entry for bad debt expense. The age data of accounts receivable is as follows: Estimated Percentage Uncollectible $170,000 1% Current Accounts 1-30 days past due 15,000 12.000 6% 31-60 days past due 5,000 15% 61-90 days past due 30% Over 90 days past due Total Accounts Receivable $211,000 3% 9.000 (a) Make the bad debts expense adjusting journal entry for Dec 31, 2017 (b) Prepare the bad debts expense adjusting journal entry for Dec 31, 2017 assuming that the Allowance for Doubtful Accounts account had a $300 debit balance before the current year's adjustment