Present the journal entries specified below; show supporting calculations. Each item should be considered independently. The trial balance of Trickle Company at December 31, 2010, includes the following: If Trickle uses the aging method and estimates that $5, 000 of receivables will be uncollectible, prepare the adjusting entry. If Trickle estimates uncollectibles at 5% of accounts receivable and the allowance account had a $500 credit balance instead of a $500 debit balance, prepare the appropriate adjusting entry. Assume that on February 10, 2008, the specific account of Ralph Severs with a balance of $400, is deemed uncollectible. Record the write-off. Assume that on May 12, 2006, Severs pays the above balance in full. Record the appropriate entries