Problem One: Blocker Company estimates its uncollectible accounts based on an analysis of receivables. On December 31, a junior accountant prepared the following aging schedule for the company's $88,000 in outstanding receivables. Estimated Uncollectible Accounts Are Interval Amount % Not due 57,650 2% 1-30 days past due 14,220 31-60 days past due 7,930 20% 61-90 days past due 5,000 30% Over 90 days past due 3,200 50% $88,000 The Allowance for Uncollectible Accounts currently has a $310 debit balance. 1. Prepare the adjusting entry to record the company's estimate of uncollectible accounts. Date L SE E NI CF Account 4% DR CR 2. Prepare the journal entry to write off the following accounts: T. Donaldson.... $ 750 J.Kyle 470 D. Mize.... 1.000 Date SE E NI CF Account DR CR 3. Prepare the journal entry to record receipt of the $470 owed by J. Kyle. SE Date L E NI CF Account DR CR 4. Write an answer to the following question: What circumstances would cause the Allowance for doubtful Accounts to have a debit balance prior to adjustment