(50 points) On December 31 2019, the end of its fiscal year, XYZ Company has the following account balances. Debit Credit Accounts Receivable $ 200,000 Allowance for Doubtful Accounts 3,000 Required: Prepare the necessary journal entry to record Bad Debt assuming that the Company estimates bad debts at 2% of accounts receivable (40 points). Show your calculations (10 points). Solution DATE ACCOUNT TITLES DEBIT CREDIT Choose... Choose... Choose... Choose... Choose