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Question 9: The Generation Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $525.000 (of which $400.000 was on account) during the first four months. On April 30, Accounts Receivable had a balance of $236,400 (no accounts have been written off to date), which was made up of the following accounts aged according to the date of the sale: The following accounts receivable transactions took place in May 2020: 1. The Generation Employment Agency has heard that other companies in the industry use the allowance method of accounting for uncollectibles, with many of these estimating the uncollectibles through an aging of accounts receivable. a. Journalize the adjustments that would have to be made on April 30 (for the months of January through April), assuming the following estimates of uncollectibles: b. (Round your total estimate to the nearest whole dollar.) c. Journalize the transactions of May 2020. d. Journalize the month-end adjustment, using the information from the table that appears in Requirement la. 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable. b. The overall effect of the uncollectibles on the income statement for the months of April and May 2020. Question 9: The Generation Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $525.000 (of which $400.000 was on account) during the first four months. On April 30, Accounts Receivable had a balance of $236,400 (no accounts have been written off to date), which was made up of the following accounts aged according to the date of the sale: The following accounts receivable transactions took place in May 2020: 1. The Generation Employment Agency has heard that other companies in the industry use the allowance method of accounting for uncollectibles, with many of these estimating the uncollectibles through an aging of accounts receivable. a. Journalize the adjustments that would have to be made on April 30 (for the months of January through April), assuming the following estimates of uncollectibles: b. (Round your total estimate to the nearest whole dollar.) c. Journalize the transactions of May 2020. d. Journalize the month-end adjustment, using the information from the table that appears in Requirement la. 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable. b. The overall effect of the uncollectibles on the income statement for the months of April and May 2020