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20. Prepare naging chedule for its accounts ronivable at each month end and records bad debts expense monthly At the end of October 2000, the

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20. Prepare naging chedule for its accounts ronivable at each month end and records bad debts expense monthly At the end of October 2000, the company prepares the following aging schedule Estimated Accounts percentago Number of outstanding receivable uncollectible days 0-30 days (current $380,000 2 receivable) 31-60 days 75,000 4% 61-00 days 55,000 10N Over 90 days 30.000 20% Total receivables S540.000 Given the above information . Calculate the total estimated uncollectible accounts. (0.5 marks) 8 Prepare the adjusting Journal entry to record bad debes if the unadjusted balance in the Allowance for Doubtful Accounts is a credit balance of $4,200. (2 marks) C Prepare the adjusting journal entry to record bad debts the unadjusted balance in the Allowance for Doubtful Accounts is a debit balance of $4,200. (2 marka) D. On November 15, 2020, Lazer determined that one of its customers owing $5,800 declared bankruptcy and consequently, the account was uncollectible. Prepare the journal entry to write of the uncollectible account. (1.5 marks)

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