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On March 4, 2017, the credit manager authorizes a write-off of the $1,200 balance owed by B Fernitti. Instructions (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2016. (b) Show the balance sheet presentation of accounts receivable on December 31, 2016. (c) On March 4, before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $3,000. Make the appropriate entry to record the write-off of the Ferntti account. Also show the balance sheet presentation of accounts receivable before and after the write-off Ex. 4 Compute the maturity date and the maturity value associated with each of the following notes 1, A $15,000, 6%, 3-month note dated April 20. Maturity date Maturity value S 2, A$25,000, 8%, 72-day note dated June 10. Maturity date Maturity value S 3. An $8,000, 9%, 30-day note dated September 20. Maturity date . Maturity value $ Ex. 5 Morton Company had the following select transactions. Apr 1, 2016 Accepted Remington Company's 1-year 12% note in settlement of a$25,000 account receivable. July 1, 2016 Loaned $15,000 cash to Jenny Green on a 9-month, 10% note. Dec, 31. 2016 Accrued interest on all notes receivable Apr. 1, 2017 Received principal plus interest on the Remington note. Apr. 1, 2017 Jenny Green dishonored its note: Morton expects it will eventually collect Instructions Prepare journal entries to record the transactions. Morton prepares adjusting entries once a year on December 31 Ex. 6 Hunt Company purchased factory equipment with an invoice price of $90,000. Other costs incurred were freight costs, $1,100; installation wiring and foundation, $2,200; material and labor costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,400. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Instructions (a) Compute the acquisition cost of the equipment. Clearly identify each element of cost

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