Response to the following questions:
1. Sno Board Company's year-end balance in its Allowance for Doubtful Accounts is a credit of $440. By aging accounts receivable, it estimates that $6,142 is uncollectible. Prepare Sno Board's year-end adjusting entry for bad debts.
2. Record entries for these transactions assuming the allowance method is used: Jan. 10 The $300 account of customer Cool Jam is determined uncollectible. April 12 Cool Jam unexpectedly pays in full the account deemed uncollectible on Jan. 10.