The following selected transactions were taken from the records of Keyes Advertising Company for the year ended September 30, 2015:
Oct. 23. Wrote off account of T. Stein, $1,025.
Nov. 15. Received $13,500 as partial payment on the $18,000 account of Drive Train
Inc. Wrote off the remaining balance as uncollectible.
Dec. 31. Recorded a sale on account of $24,900 to Gibbons Hardware Ltd.
Feb. 15. Received $5,000 from Emerging Energy Sources for an advertising campaign
to be launched in July.
Jul. 31. Invoiced Emerging Energy Sources for $10,750 for the July advertising campaign.
Sep. 30. Wrote off the following accounts as uncollectible (record as a compound journal entry):
Trimark Planners ........... $ 975
Capital Innovations .......... 1,860
Weatherby€™s ............. 8,692
Sharp Ltd. .............. 3,277
30. Prepared the adjusting entry, using the following aging schedule for its accounts receivable:

Instructions
1. Journalize the transactions. Record the September 30 adjusting entry, assuming the allowance account had a credit balance of $2,000 after recording the September 30 write-off of uncollectible accounts (prior entry).
2. Record the September 30 adjusting entry, assuming the allowance account had a debit balance of $2,600 after recording the September 30 write-off of uncollectible accounts.

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Receivables Balance on September 30 Estimated Percent of Uncollectible Accounts Age Class 0-30 days 31-60 days 61-90 days Over 90 days S410,000 37,500 28,00D 10,50D 1% 2D 5D