4 The schedule of aging accounts for a Company, at the end of the year 2020, appears below Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivate $40.000 4,000 5,500 2.000 51.500 Estimate of Bad Debts 2% 7% 15% 22% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of $800, before the estimate was made Required: Prepare the adjusting entry to record bad debts expense for 2020. (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+IN+F10 (Maci B US Paragraph R LE x* x, QUESTIONS v Arial 10pt A 11 " $2 BB Click Save and Submit to save and submit. Click Save All Answers to save all answers. 2- MacBook Air I. Da t F33 (3 WOR