Question:1.intellCompany uses percentage of sales to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $855,000 in credit sales.intell assumes that 1.5% of sales will eventually be uncollectible.before adjustment, the Allowance for Uncollectible Accounts had a credit balance of 6,500.What dollar amount should be credited to Allowance for Uncollectible Accounts at year end?

2.Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019:

Date Activity Quantity Unit Price

1-May Beginning Inventory 175 $10.50

5-May Purchase 200 $11.50

10-May Sales 300 $25

15-May Purchase 200 $13.50

20-May Sales 250 $28

25-May Purchase 150 $13.00

Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May.Round to the nearest cent.

3.Adelphi Company purchased a machine on January 1, 2017, for $60,000.The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.Adelphi sold the machine on January 1, 2021 for $26,000. Adelphi uses the double declining method for depreciation. Using this information, how much isthegain or (loss) for the equipment sale entry made on January 1, 2021.Enter a loss as a negative number