Qinyue Wang: Attempt 1 Question 4 (11 points) ADJUSTING AT YEAR-END 11 points suggested time 19 minutes PART A: Prepare adjusting journal entries for the items below. Assume ABC Corp records adjustments once per yea at year-end December 31. Do not write explanations. Use correct format. No alternate or reversing entries are/were done. 5 points ABC Corp estimates that 3% of customer accounts will be uncollectible. The unadjusted AFDA balance, after a $500 write off, was $180. On December 1, 2021 ABC accepted cash for an 8-month, $6,000 5% Note Payable. Payment of all interest and principal is due on the maturity date. On September 1, ABC purchased a machine, with estimated useful life of 5 years and residual value of $5,000. The machine is depreciated using the straight line method. This is the first and only machine purchased. *** alled A