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Q1 Jackson Company completed an aging of their accounts receivable and came up with an estimated amount of $6,342. The credit sales for the period are $85,000. The balance in the Allowance for Doubtful Accounts is a debit of $817. 1) If Brandon uses 5% of credit sales as their estimating uncollectible accounts, how much will the credit be to the Allowance for Doubtful Accounts if Brandon uses the percentage of credit sales as its method of estimating uncollectible accounts? 2) Prepare the journal entry to record the bad debt expense. Q2 Timber Company has given you the following information from its aging of accounts receivable. Using this information, determine the ending balance of the allowance for doubtful accounts and prepare the journal entry to record bad debt expense. Current amount in the allowance for doubtful accounts is a $958 credit 2% uncollectible 8% uncollectible 15% uncollectible 30% uncollectible $24,400 7,350 3,380 1,220 Current 31-60 days 61-90 days 91 and up Q Johnny Alamo is the owner of Retro Games, a second hand store specializing in selling vintage games and consoles. Johnny would like to focus his time on developing new game apps for the Apple and Android platforms. To be able to do this, the store needs to generate enough profits and cash flows to pay for his living expenses. As a result Johnny would like to hire a manager to take over the day to day running of the store. The manager will be in charge of everything in the store from making bank deposits, issuing cash along with opening and closing the store. reconci the cash reg payments to sup Johnny has come to you for help, to recommend how he should set up his internal controls to safe guard his store since he will not be as involved going forward. He has also asked you to look at the responsibilities of the manager and comment on what you think of his idea