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The October 1, 2017, records of Fast Communications include these accounts: Accounts Receivable $ 245,000 Allowance for Uncollectible Accounts 18.300) 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 se Click the icon to view the transactions.) Requirements Requirement 1. Record the write-off of uncollectible accounts in the journal (Record debits first and then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Nov :) Transactions Alld ter of 2017, the compa nal. 2017 Nov. 30 Wrote off as uncollectible the $1,200 account receivable from Brown Carpets and the $700 account receivable from Rare Antiques. Dec. 31 One of its customers, Claire Ltd., agreed to sign a 60-day note receivable to replace the $2,000 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 Age of Accounts 0 - 30 31-60 61 - 90 Over 90 Total Balance Days Days Days Days $245,000 S 153,000 S 42.000 $ 16,000 $ 34.000 Estimated uncollectible 0.2% 0.5% 5.0% 30% Print Done i Requirements 1. 2. 3. Record the transactions in the journal. Explanations are not required. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts. Show how Fast 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 $3,900. Print Done

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