14 pts Question 24 On December 31, 2020, the Rocket, Inc., general ledger contained the following balances prior to adjustments: Accounts Receivable $ 616,300 Allowance for Doubtful Accounts 5,800 (credit) Net Credit Sales 1,529,000 Before completing an aging analysis to determine the estimated amount uncollectible, Rocket decided to write off $6,500 of an account past due over 360 days. Aging of the accounts receivable balance after the write-off on December 31 indicated the following: Estimated Percentage Uncollectible 1.5% Age Under 30 days 30-90 days 91-180 days 181-360 days Over 360 days Total: Amount $338.800 156.000 86,000 24,000 5.000 $609.800 3.0% 7.0% 20.00% 60.00% Unders days 3.0% 30-90 days 91-180 days 181-360 days Over 360 days Total: 156,000 86,000 24,000 5.000 $609,800 7.0% 20.00% 60.00% Required: (14 points) a. Prepare the necessary journal entry to record the write-off of $6,500. b. Prepare the adjusting journal entry at December 31 to record Rocket, Inc.'s estimated bad debts assuming that the company uses the aging of accounts receivable method c. What is the net realizable value of accounts receivable on the December 31, 2020 balance sheet? d. A customer, whose $3.000 accounts receivable had been written off, has paid the amount in full on Jan 10. 2021. Prepare the journal entry, or entries, to record the recovery of the accounts receivable previously written off