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Question 1: The following information relates to a company's accounts receivable: account receivable balance at the beginning of the year, $150,000; allowance for uncollectible accounts at the beginning of the year, $10,000 (credit balance); credit sales during the year, $90,000; accounts receivables written off during the year $4,000; cash collections from the customers, $100,000. After a review of the uncollectible accounts, the company estimates that the required year-end balance for the uncollectible accounts should be $3,000. Calculate 1. The bad debts expenses for the year (1 mark) 2. The year-end gross \& net account receivables balances. (1 mark) Question 2: Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is: (2 marks) January 1 balance, 500 units ($55$27,500 Purchases: January 10:500 units @ \$60 January 20:1,000 units @ $63 Sales: January 12: 800 units January 28: 750 units Question 3: Shown below is activity for one of the products of Denver Office Equipment. The company uses a perpetual inventory system

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