$1.$ Toolbox Co$.$ records $$6,200$ of sales on account to Roger Small on January $15,20$Y$5.$ This is the only amount owed to the company by Roger Small. Prepare the journal entries to record the following transactions for Toolbox Co$.$ using the direct write$-$off method:

a$.$ Received $$3,800$ cash from Roger Small on March $3,20$Y$5,$ for the balance owed.

b$.$ Wrote off the remainder owed by Roger Small as uncollectible on June $30,20$Y$5.$

c$.$ Reinstated Roger Small$$s account for $$2,000$ and received a $$2,000$ cash payment on August $1,20$Y$5.$

$2.$ Prepare the journal entries to record the following transactions for Carolina Costumes using the direct write$-$off method:

a$.$ Received $$1,450$ from Dillon Berry and wrote off the remainder owed of $$2,130$ as uncollectible on September $12,20$Y$5.$

b$.$ On December $18,20$Y$5,$ reinstated the entire account of Dillon Berry and received $$2,130$ cash as payment for the remaining amount owed.

$3.$ Use the direct write$-$off method to record the following transactions for Carolina Costumes:

a$.$ Wrote off $$1,250$ of the amount owed from Rose McDonald on January $29,20$Y$5.$

b$.$ Reinstated $$1,450$ of a previously written off account receivable from Rory Smith and received cash payment for the amount on March $20,20$Y$5.$

c$.$ Reinstated $$950$ of Rose McDonald$$s account receivable upon payment on May $5,20$Y$5.$

$4.$ Eddy Book Co$.$ uses the allowance method to record uncollectible accounts receivable. The company had credit sales of $$8,900,000$ for $20$Y$5$ and a balance of $$2,200$ in its Allowance for Doubtful Accounts before any adjusting entries. The company has a calendar year$-$end.

a$.$ Prepare the adjusting entry to record the Bad Debt Expense for $20$Y$5$ if the company expects that $(1)/(2)\%$ of credit sales will be uncollectible.

b$.$ What will the adjusted balance of Allowance for Doubtful Accounts be at year$-$end?

$5.$ Camel Bookstore records uncollectible accounts receivable using the allowance method. The company had total sales of $$15,600,000,35\%$ of which were credit sales. The company expects that $\%$ of credit sales will be uncollectible.

a$.$ Prepare the adjusting entry on December $31,20$Y$5,$ to record the Bad Debt Expense for the year.

b$.$ If the company$$s ending balance for Allowance for Doubtful Accounts was $$50,240,$ what was the balance before the adjusting entry?

$6.$ Camel Bookstore uses the allowance method to record uncollectible accounts receivable. For $20$Y$5,$ the company$$s credit sales totaled $$5,752,000.$ The company expects that $\%$ of all credit sales will be uncollectible.

a$.$ Prepare the adjusting entry on December $31,20$Y$5,$ to record the Bad Debt Expense for the year.

b$.$ The company$$s balance for Allowance for Doubtful Accounts before making any adjusting entries was $$13,600.$ What will the adjusted balance of the account be$?$

$7.$ Estimate bad debt expense for Camel Bookstore using the information for the total accounts receivable in the table below. Prepare the journal entry to record the expense on December $31,20$Y$5.$

Customer Balance Current $1-3031-6061-9091-180181-365$ Over $365$

Total $11,250,6908,420,0001,440,600820,000325,000149,70054,79040,600$

$\%$ Uncollectible $1\%4\%7\mathrm{.}5\%315\%30\%60\%82\%$

$8.$ With the aging of receivables schedule below, estimate the bad debt expense for Merry Day$$s fiscal year ended September $30,20$Y$5.$ Prepare the journal entry to record the expense. Round answers to the nearest cent.

Customer Balance Current $1-3031-6061-9091-180181-365$ Over $365$

Total $2,349,0001,170,300467,100392,10075,30049,35034,35026,000$

$\%$ Uncollectible $1\mathrm{.}5\%6\%10\%30\%45\%70\%85\%$

$9.$ Estimate Merry Day$$s Bad Debt Expense for the fiscal year ended March $31,20$Y$5,$ using the aging of receivables schedule below. Prepare the journal entry to record the expense. Round answers to the nearest cent.

Customer Balance Current $1-3031-6061-9091-180181-365$ Over $365$

Total $1,679,200887,500456,000150,70075,30049,35034,35026,000$

$\%$ Uncollectible $2\%5\%12\%20\%45\%70\%85\%$