PROBLEM #2 Castillo Inc. Presents the following information in its Statement of Situation - Partial Balance Sheet: Accounts Receivables-Trade. Balance $637,350; Allowances for Uncollectibles-$60,550; Receivable Notes $126,000. Total $702,800. Related transactions for 2020: Journalize in the space provided. 1. Of the Accounts Receivables - Trade in circulation $483,000 were collected. Of this amount, $210,000 was filed on 2/10,n/30. The discount was honored. Make the necessary wage entry(s). Name of account Debit Credit 2. During the month of November 2022, it was agreed to remove Jake's client from the accounting books for $25,000 of the Accounts Receivables - Trade. A month later, Jake's client paid the $25,000. Make entries for deletion and those necessary to restore it make and record customer payment Name of account Debit Credit 3. Another $61,250 of the Accounts Receivables -Trade was eliminated once again with prior authorization from the head of accounting for several clients. These are: Joe Doe $11,250, Mary Doe $25,000 and Bob Doe the remainder. Make a note of the required entry(s) in the journal. Name of account Debit Credit 4. At the end of the year, Castillo understands that the Allowances for Uncollectibles must be $70,000. I recommend using a T account. Write down the necessary entry(s) in the journal. Name of account Debit Credit