Problem 2: A/R & Allowance (6 points each. 24 points total) For each of the following independent situations, prepare the adjusting entry for the Allowance for Uncollectible Accounts (on the left) and compute net accounts receivable (on the right) that would be reported on the financial statements. A. A/R has a balance of $14,000. The Allowance for Uncollectible Accounts has a credit balance prior to adjustment of $300. An aging schedule prepared on December 31 reveals $1,100 of uncollectible accounts. Journal Entry Net Accounts Receivable B. A/R has a balance of $25,700. The Allowance for Uncollectible Accounts has a debit balance prior to adjustment of $400. An aging schedule prepared on December 31 reveals $2,300 of uncollectible accounts. Journal Entry Net Accounts Receivable: C. A/R has a balance of $84,000. The Allowance for Uncollectible Accounts has a credit balance prior to adjustment of $300. Net credit sales for the year are $250,000 and 3% is estimated to be uncollectible. Journal Entry: Net Accounts Receivable: d. A/R has a balance of $83,000. The Allowance for Uncollectible Accounts has a debit balance prior to adjustment of $400. Net credit sales for the year are $250,000 and 3% is estimated to be uncollectible. Joumal Entry: Net Accounts Receivable