Save 2 Gable Incorporated provides legal services. During 2021, the company provides services of $500,000 on account of this amount $70,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021. is provided below. Estimated Mount Percent Age Group Receivable collectible Not yet die 940,000 5 0-30 days past due 19.000 31-60 days past du 9.000 200 More than 60 days past due 6.000 400 Total $74.000 100 Required: 1. Calculate the allowance for uncollectible accounts 2. Record the December 31, 2021 adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $500 (debit 3. On April 3, 2022. a customer's account balance of $600 is written off as uncollectible. Record the write-off 4. On July 17, 2022, the customer whose account was written off in Requirement unexpectedly pays $200 of the amount but does not expect to pay any additional amounts. Record the cash collection Required 1 Required 2 Required 3 Required 4 Record the December 31, 2021 adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $500 (debil). CIF no entry is required for a particular transaction/event, select "No Soumal Entry Required" in the first account field.) Debit Credit View transaction ist View journal entry workshoot No Date General Journal 1 Dec 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts