The October 1, 2017, records of First Data Communications include these accounts:

Accounts Receivable........................................................................ $230,000

Allowance for Uncollectible Accounts................................................ (8,500)

At year-end, the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2017, the company completed the following selected transactions:

2017

Nov. 30 Wrote off as uncollectible the $1,100 account receivable from Rainbow

Carpets and the $600 account receivable from Show-N-Tell Antiques.

Dec. 31 One of its customers, Peplar Ltd., agreed to sign a 60-day note receivable to replace the $1,500 accounts receivable due on that day.

Dec. 31 Adjusted the Allowance for Uncollectible Accounts, and recorded Bad Debt

Expense at year-end, based on the aging of receivables, which follows.

Requirements
1. Record the transactions in the journal. Explanations are not required.
2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts, and post to those accounts.
3. Show how First Data would report its accounts receivable on a comparative balance sheet for 2016 and 2017. At December 31, 2016, the company's Accounts Receivable balance was $212,000 and the Allowance for Uncollectible Accounts stood at $4,200?

Age of Accounts Total Balance $230,000 Estimated uncollectible 0-30 Days31-60 Days61-90 Days Over90 Days 150,000 0.2% $40,000 0.5% $14,000 5.0% $26,000 30.0%