. Q1. The October 1, 2017, records of First Data Communications include these accounts: Accounts Receivable $230,000 Allowance for Uncollectible Accounts ($8,500) At year-end, the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2017, the company completed the following selected transactions: 2017 Nov.30: Wrote off as uncollectible the $1,100 account receivable from Rainbow Carpets and the $600 account receivable from Show-N-Tell Antiques. 2017 Dec 31: One of its customers, Peplar Ltd., agreed to sign a 60-day note receivable to replace the $1,500 accounts receivable due on that day. 2017 Dec 31: Adjusted the Allowance for Uncollectible Accounts, and recorded Bad Debt Expense at year-end, based on the aging of receivables, which follows. Age of Accounts 0 - 30 Days 31-60 Days 61-90 Days Over 90 Days Accounts receivable balance 150,000 35,000 14,000 25,000 Estimated uncollectible 0.5% 5.09 30.096 0.2% I Requirements: 1. Record the transactions in the journal. Explanations are not required. 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts, and post to those accounts. 3. Show how First Data would report its accounts receivable on a comparative balance sheet for 2016 and 2017. At December 31, 2016, the company's Accounts Receivable balance was $212,000 and the Allowance for Uncollectible Accounts stood at $4,200