Accounts and Explanation Debit Credit Date 2019 Dec 31 Income Summary (Clos) Bad Dests Expense 5200 5200 Now post the transactions to the two Taccounts Enter on the normal side of the accent for any zero bac Review the joumal Allowance for that Debts Bad Debts Expe Estimated that bad debts experse for the year was 1% of credit sales of $440 003 and recorded that amount as expense The company uses the allowance 2018 Dec. 31 Dec. 31 Made the doing entry for bad debts expe 2019 Jan 17 Jun 29 Aug 6 Dec 31 Dec. 31 Dec 21 Sold merchandise eventory to Marcus Marget, $200 on account Ignore Cast of Coeds bold We off Marcus Marques account as uncollectible after repeated efforts to cofect from tim Received 5800 from Macun Maraet, wing with a letter apologuing for being site Rented Marquets account and recorded Made a compound entry what the thing accounts at uncollectible Bruce Key 2,100 Lee $1300 and Raymond Jones, 1550 Estimated that bad debts expense for the year was on creat sales of $520 000 and recorded Made the closing entry for bat des exper Requirement 2. Assume the December 31, 2019 balance of Accounts Receivabe 1135,000 Show how et accounts receivable would be reported on the balance sheet at that Balance Sheet Parbat Cum Asset Accounts 135000 Print Done Time Re