20. Patel Co. sells Christm the following aging schedul ot Yet 1-30 as angels. Patel determines that at the end of December, it has schedule of Accounts Receivable: ustomer Total ot Yet -30 31-6061-90 90 V Famer NJ Bel 100 200 150 100 % uroliotible Total Estimated ? 10% 20% Compute the balance is the allo wa beginning balance in the allowance account is $50 credit.). (5 points) he balance in the account should be (5 points) The necessary adjusting entry at December 31th is Indicate in which journal each of the following transactions is recorded. (5 points) . Cishpurchase of merchandise Owner investment of cash Sale ofmerhandise on account Purchase of supplies for cash di puhase of merchandise