2. TechCom, for instance, had credit sales of approximately $300,000 during its first year of operations. At the end of the first year, $20,000 of credit sales remained uncollected. Based on the experience of similar businesses, TechCom estimated bad debt expense to be $1,500. a Required pass the entry on Dec 31 b. Show ledger accounts on 31 c. Show how current assets would appear on 31 3. Now imagine a particular customer of Techchom, Jack kent actually declares himself as bankrupt for $520 on Jn 23. What is the entry ?How does the B/S look now? 4. On March 11, Jack Kent pays in full his account that TechCom previously wrote off. The first entry reinstates the accounts receivable balance. Entry?