Gable Incorporated provides legal services. During 2015, the company provides services of $500,000 on account. Of this amount, $70,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2015, is provided below.

Required:
1. Calculate the allowance for uncollectible accounts.
2. Record the December 31, 2015, adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $500 (debit).
3. On April 3, 2016, a customer’s account balance of $600 is written off as uncollectible. Record the write-off.
4. On July 17, 2016, the customer, whose account was written off in Requirement 3, unexpectedly pays $200 of the amount but does not expect to pay any additional amounts. Record the cashcollection.

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Estimated Percent Amount Receivable S40,000 15,000 9,000 6,000 $70,000 Age Group Uncollectible Not yet due 0-30 days past due 31-60 days past due More than 60 days past due 1000 20% 4000 Total