company lends $100,000 to one of its main suppliers and accepts a 12-month, 6% ptance of the note on May 1, 2012, the adjustment on December 31, 2012, and 1. On May 1, 2012, a company lends $100,000 note. Record the acceptance of the note on Ma the cash collection on May 1, 2013. the year, a company has the following accounts receivable and estimates of 2. At the end of the year, a company has the fo uncollectible accounts: is not yet due - $70,000, estimated uncollectible = 4%. Accounts 1-30 days past due - $30,000; estimated uncollectible = 15%. 3. Accounts more than 30 days past due = $5,000, estimated uncollectible = 40%. Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,200 (debit)