(8) Pottery Stables uses the aging method to estimate its bad debts. Sherman Potter, the company president, has given you the following aging of accounts receivable as of December 31, 2000, along with estimates of the percentage of accounts that are deemed uncollectible. 2% Account Age Balance Percent Deemed Uncollectible Current $290,000 1-45 days 110,000 5% 46-90 days past due 68,000 Over 90 days past due 40,000 15% 8% Compute total receivables and expected bad debts as of Dec 31, 2000. What would be the adjusting entry if: (a) allowance method of accounting for uncollectibles is used? (b) direct write-off method is used? (9) ABC Corp. bought a filing cabinet worth P850, 2/10, n/30, invoice date: June 10 (a) What would be the journal entry in ABC Corp.'s journal in June 10. (b) If ABC Corp. paid for the filing cabinet on June 15, what would be the appropriate entry into its journal? (c) If ABC Corp. paid on June 30, what would be the corresponding entry into its journal