1 Question 5 Accounts Receivablo Analysis (3 Marks) e costro. Yox crparicatori in do you do 2. B Melrose Company recorded $3,500,000 in credit sales in 2020 and prepared the following azing schedule of their 586,500 in Accounts Receivable as at December 31, 2020 3 D E 4 5 Days outstanding 6 Not for Marks Balance 7 Estimated percentage uncollectible 8 10-30 days 31-60 days 61-90 days Over 90 days $320,000 1% 225,000 2% 54,500 87,000 25% Total $686,500 The balance in their Allowance for Doubtful Accounts before year-end adjustments is a $3,000 credit 9 10 50 11 12 General Journal 13 Date 14 Dec 31 15 16 Account Titles Debit Credit M Please type account or use the drop down bar 6