The Allowance for Uncollectible Accounts has a $16,300 debit balance prior to adjustment. Based on an ageing schedule of accounts receivable prepared at the end of the year, $200,000 of accounts receivable are estimated to be uncollectible. Accounts Receivable has a balance of $958,000 at the end of the year. The Allowance for Uncollectible Accounts has a $500 credit balance prior to adjustment. Net credit sales during the year are $900,000 and 1% are estimated to be uncollectible. Accounts Receivable has a balance of $825,000 at the end of the year. The company uses the percent-of-sales method. Required: Prepare the adjusting journal entries for uncollectible accounts for each INDEPENDENT situation. Explanations are not required. The Watertown Bank lent Sandy's Pastry Store $40,000 on a sixty day, 7% note dated June 10th. Use a 365 day year when calculating interest and round all amounts to the nearest dollar. The fiscal year end of the bank is June 30. Required: Determine the due date of the note. Determine the maturity value of the note. Prepare the journal entries made by the bank. Omit explanations