(30 FONTS) Delta Coreports the following financial information before adjustments on December 31, 2020 KOURNAL ENTRY DATE ACCOUNT TITLES DEBIT CREDIT Cash realizable value for Accounts Receivable Accounts Receivable C100,000 Allowance for Doubtful Accounts 2.000 Required a) Prepare the journal entry to record Bad Debt Expense assuming that the company estimates bad debts at 3% of accounts receivable, and calculate the cash realizable value for Accounts Receivable. (10 points). Explain your solution using accounts (5 points) b) Prepare the journal entry to record the write off of $1,500 from accounts receivable and calculate the cash reseable value for Accounts Receivable after the writeoff (10 points) Explain your solution using Taccounts (Spoints) Solution Explanation using accounts: JOURNAL ENTRY DATE ACCOUNT TILES DENT CREDI Cathraible value for Accounts Receivable Tuplanation using account