Question 1: The following information relates to a company's accounts receivable: account receivable balance at the beginning of the year, $150.000; allowance for uncollectible accounts at the beginning of the year, $10.000 (credit balance); credit sales during the year. $90,000; accounts receivables written off during the year $4,000: cash collections from the customers, $100.000. After a review of the uncollectible accounts, the company estimates that the required year-end balance for the uncollectible accounts should be $3.000. Calculate The bad debts expenses for the year (1 mark) The year-end gross & net account receivables balances. (1 mark) Question 2: Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2.980. Outstanding checks totaled $680 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is: (2 marks)