3 of 5 Johnson Ltd reported the following information in financial statements for the year ended December 21, 201 Accounts receivable Allowance for doubtful accounts $2,166,000 090 152,150 Assume all 2019 balance are normal balances During 2000, the company had the following transactions related to recevables 1 Sales were $25,000,000, of which $21,045,000 were on account 2. Collections of accounts receivable were $19.901.000 3 Writeoffs of accounts receivable were $102.000 Recoveries of accounts previously written off as uricollectible were 121.100 Note that the amount is n collections referred to in above -15 1 Prepare the journal entries to record each of the four items above (Conftantiary enter. Do not indent many if no entry is medilect "No Enity for the account titles and for the ants) No. Type here to search Account Titles and Explanation Debit Credit 0 PM 0 -15 1 Question 3 of S No Account Titles and Explanation Dobit Credit 00 Tume here to search (2) [Tarnitate an accounts that we previously weten off) 19 C D it O NO 4 04 06 2000-IN 12 Question 3 of 5 (Ta recond recovery of accounts eTextbook and Media List of Accounts PType here to search 75 1 Enter the Accounts Receivable and the Allowance for Doudetul Accounts balance on January 1.2020 The pit the eres from part and calculate the new balances in these acc Accounts Receivable o e @00 : Question 3 of 5 Allowance for Dested Accounts eTextbook and Media List of Accounts -75 Prepare the joumal entry to record the bad debts expense for 2020 Johnson Ltd uses the aging of accounts receivable method and has prepared an aging schedule, which indicates that the estimated value of the uncollectible accounts an at the end of 2020 is $128,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts Account Titles and Explanation Debit Credit 830PM Question 3 of 5 $128,900 (Onitates are automatically Indented when at ned. Do nest det lyf nory is readed, select Ne Dairy for the account ties and enter for the ants) Account Titles and Explanation Debit Credit Jininbow to search eTextbook and Media List of Accounts Show what would be presented on the statement of financial position as at December 11, 2020, related to accounts receivable Johnson Ltd. Statement of Financial Position 19 R e 0 14C 40 ENG 8309M 2022-06-12