Ukulele company uses the allowance method of accounting for uncollectible receivables. Financial information extracted from Ukulele's accounts receivable subsidiary ledger and general ledger at September 30, 209, the end of its third fiscal quarter of 2049 is as follows: Allowance for Doubtful Accounts (unadjusted) $ 2,500 debit Sales (all on account) 150,000 credit Accounts Receivable (aging below) Days Past Due Amount Percent Uncollectible 1-30 days $15,000 4% 31-60 days 3,000 10% 61-90 days 2,000 25% 90+ days 5,000 50% Required (BE SURE TO INCLUDE DESCRIPTIONS FOR THE JOURNAL ENTRIES!) 1. Prepare the journal entry on September 30, 2049 required to estimate uncollectible accounts assuming Ukulele uses the analysis of receivables method. 2. Prepare the necessary journal entries to record the following transactions that occurred during Q4 2049: a. On October 29, 2099, collected $700 on a previously written off account. b. On December 30, 2089, accounts receivable totaling $5,000 were written off. 3. Prepare the journal entry on December 31, 2049 required to record the estimated uncollectible accounts assuming Ukulele changes to the percent of sales method and 3% of credit sales ($250,000 during Q4 20Y9) are estimated to be uncollectible