4-Accounts Receivable Question: ABC Company has the following account balances on December 31 Accounts receivable $135,000 and Allowance for doubtful accounts $2,600 (Debit Balance) Aging of accounts receivable shows The following: Aging Current 1-30 days over due 31-60 days over due 61-90 days over due over 90 days over due Amount 80,000 22,000 15,000 10,000 8,000 Uncollectible 2% 10% 20% 40% 50% Required: 1: Calculate amount of Allowance for doubtful accounts that will be reported on Dec 31. 2: Prepare general Journal entry to record bad debt expense