The December 31st, Balance Sheet shows the following:
	Accounts Receivable				$ 100,000
	less: Allowance for uncollectible accounts				(5,000)
		Net Accounts Receivable			$ 95,000
	During the year, the following activity occurred in the accounts receivable account:
	Sales on credit		650000
	cash collections		635000
	write-offs		2500
1)	Before a year end adjustment, what is the balance in the allowance for uncollectible accounts?
2)	What is the balance in gross accounts receivable at year end?
3)	Using a rate of .5% of sales, what is the adjusting journal entry to the allowance?
4)	Based on an aging of the year end a/r, the allowance should be $8,000. What is the appropriate adjusting entry to the allowance?
5)	How are the year end Accounts Receivable reported (net of an allowance)?
	(a) Under the % of sales method - #3
	(b) Under the aging method - #4