Allowance Method Using the information provided for United Corp, answer the questions that follow. United Corp. sells merchandise only on credit. For the year ended December 31, 2021, the following data is available: (Show all calculations) Sales revenue $2,400,000 Sales returns & allowances 60,000 Accounts receivable, 1/1/21 270,000 Allowance for doubtful accounts Credit bal. 12/31/21 (Before adjustment bad debts adjustment) Collections during 2021 2,426,300 Accounts written off as uncollectible during 2021 23,700 1,900 1. Determine the balance of the Accounts Receivable account at December 31, 2021.5 (Show your computations) 2. Assume that United estimates bad debts at 1% of net credit sales what amount will United record as bad debts expense for 2021? 3. Assume that United estimates bad debts at 1% of net credit sales what amount will United record as bad debts expense for 2021? 4. Record the adjusting entry for the bad debt expense. 5. Prepare the partial balance sheet at December 31,2021, and show the net realizable value of accounts receivable assuming the sales method was used. 6. Assume that United estimates bad debts at 10% of accounts receivable what amount will United record as bad debts expense for 2021? 7. Record the adjusting entry using (6) above. 8. Prepare the partial balance sheet at December 31, 2021, and show the net realizable value of accounts receivable assuming % of accounts receivable method. 9. Record the entry to write off Wile's account of $2,000 on June 6, 2022, after making several attempts to collect. 10. On September 1, 2022, Wiley paid the amount owed. Record the entry to reinstate Wiley's account and collection the payment