1 question 4 parts please help!

Innovative Tech Inc. (TI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $160,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required: 1. Prepare the November adjusting entry for bad debts. 2. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $80,100, aged as follows: (1) 1-30 days old, $66,000: (2) 31-90 days old, $11,000; and (3) more than 90 days old, $3,100. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. 3. Before the end-of-year adjusting entry is made. the Allowance for Doubtful Accounts has a $1150 credit balance at December 31 Prepare the December 31 adjusting entry 4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4 Prepare the November adjusting entry for bad debts. (If no entry is required for a t Required" in the first account field.) ransactio event, select "No Journal Entry View transaction list View journal entry worksheet No Date General Journal Debit Credit 1November 30 No Transaction Recorded Required 2> Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $160,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required 1. Prepare the November adjusting entry for bad debts. 2. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $80,100, aged as follows: (1) 1-30 days old, $66,000: (2) 31-90 days old, $11,000; and (3) more than 90 days old, $3,100. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts 3. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,150 credit balance at December 31. 4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet. Prepare the December 31 adjusting entry Complete this question by entering your answers in the tabs below Required 1R Required 3 Required 4 Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $80,100, aged as follows: (1) 1-30 days old, $66,000; (2) 31-90 days old, $11,000; and (3) more than 90 days old $3,100. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts Show lessA 31-90 90 ota Accounts Receivable Estimated Uncollectible (%) Estimated Uncollectible ($) Required 1 Required 3> Innovative Tech Inc. (ITU has been using the percentage of credit sales method to estimate bed debts. During November, ITI sold services on account for $160,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required: 10 points t. Prepare the November adjusting entry for bed debts. 2. Starting in Decembet. ITI switched to using the aging method. At its December 31 year-end, total Accounts Recelvable is $80,100, aged as follows: (1) 1-30 days old, $66,000, (2) 31-90 days old, $11,000, and (3) more than 90 days old, $3100. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 percent, and (3) 44 percent, respectively Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. eBook 3. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1150 credit balance at December 31. Prepare the December 31 adjusting entry Print 4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet. Reference Complete this question by entering your answers in the tabs below. Required Required Required Required 2 Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,150 credit balance at December 31. Prepare the December 31 adjusting entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for bad debts as of December 31. Note: Enter debits before credits. December 31 Record entry View general journal Clear entry 2 Innovative Tech Inc. OTI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $160.000 and estimated that 1/4 of 1 percent of those sales would be uncollectible Required: 1. Prepare the November adjusting entry for bad debts. 2. Starting in December. ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $80,100, aged as follows: (1) 1-30 days old, $66,000; (2) 31-90 days old, $11,000; and (3) more than 90 days old, $3,100. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 Allowance for Doubtful Accounts. December 31. Prepare the December 31 adjusting entry. percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the eBook 3. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,150 credit balance at Print 4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet ReferenceComplete this question by entering your answers in the tabs below Required Required Required Required Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet. Innovative Tech Inc. (ITI) Balance Sheet (partial) At December 31