UTI JUIY 1, LULD, Hlpl'la LDI'EIPEI'IY purcnaseu \"Jr $IO,UUU, EQUIPITIEJ'II navmg a SEWICE IITE UI' Elgl'll: YEEIS and an estimated residual value of $4,000. Alpha has recorded depreciation of the equipment using the double-declining balance method. On December 31, 2018, before making any annual adjusting entries, the equipment was exchanged for new machinery having a fair value of $35,000. The transaction has commercial substance. Use this information to prepare all General Journal entries {without explanation) required to record the events for December 31, 2013. Question 5 {12 points} Alpha Company uses aging to estimate uncollecbles. At the end of the fiscal year, December 31, 20145, Accounts Receivabie has a balance that consists of: Esti m ated Dollar Value Age of Account Collectible $125,000 120 days old The current unadjusted Allowance for Uncollectable Accounts balance is a debit balance of $1,575 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in the: 1. Accounts Receivable 2, Allowance for Doubtful Accounts '2 Earl nothi- vancn