UESTION 1 The following information is known about the accounts receivables of K-Dub LLC. Balicia Company has two unpaid invoices: 1. $900 (61 to 90 days past due) 2. $1,900 (over 90 days past due) Carlie Abbott has one unpaid invoice: 1. $6,565 (not due yet) Chavez Andres has two unpaid invoices: 1. $10,200 (1 to 30 days past due) 2. $300 (not due yet) Jamie Allen has one unpaid invoice: 1. $701 (31 to 60 days past due) Texas Rawhide has three unpaid invoices: 1. $2,299 (1 to 30 days past due) 2. $6,111 (61 to 90 days past due) 3. $3,343 (not due yet) Zem Services has three unpaid invoices: 1. $21,810 (not due yet) 2. $190 (31 to 60 days past due) 3. $991 (over 90 days past due) Use Q1 worksheet to: A. Calculate the Estimated Uncollectible amount of accounts receivables. B. Post a journal entry to record the Allowance for Doubtful Accounts in the General Journal. C. Answer the Bonus Questions QUESTION 2 The following information is provided for a Truck purchased by K-Dub LLC on January 1st of 2021: Acquisition Cost $50,000 Salvage Value $5,500 Useful Life 6 years Use Q2 worksheet to: A. Create a Straight-Line Depreciation Schedule B. Create a Double-Declining-Balance Depreciation Schedule Schedule of Accounts Receivable by Age December 31, 2021 1 to 30 Days Past 31 to 60 Days Past 61 to 90 Days Past Over 90 Days Past Not Yet Due Due Due Due Due Customer Totals Balicia Company Carlie Abbott Chavez Andres Jamie Allen Texas Rawhide Zem Services Total receivables Percent Uncollectible Estimated Uncollectible 2.0% 4.2% 12.2% 24.4% 48.7% Date General Journal Account Debit Credit BONUS: Who is the best accounts receivable in terms of timely payments and why? Answer: BONUS: Who is the worst accounts receivable in terms of timely payments and why? Answer: End of Period Straight-Line Depreciation Schedule Depreciation for the Period Depreciable Depreciation Depreciation Cost Rate Expense Year Accumulated Depreciation Book Value 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 $0 Double-Declining-Balance Depreciation Schedule Depreciation for the Period End of Period Beginning-of- Depreciation Depreciation Accumulated Period Book Book Value Rate Expense Depreciation Value Year 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 $0