. Before adjusting entries were made at December 31, 20X9, Jason Designs, Inc. had an accounts receivable balance of $990,000 and a credit balance in allowance for uncollectible accounts of $4,075. The following aged accounts receivable report as of December 31, 20x9 is available for Jason Designs, Inc.: Age of Accounts Receivable Total Balance 1-30 Days 31-60 Days 61-90 Days Over 90 Days $990.000 $400,000 $285.000 $195.000 $110,000 Estimated uncollectible .5% 1.5% 40% (a) Prepare the December 31, 20x9 adjusting entry needed based on the aging schedule (b) Show how Jason Designs, Inc. will report accounts receivable on its balance sheet on December 31, 20X9. On January 1, 20X1, Mechanical Engineers, Inc, had an accounts receivable balance of $650,000 and a credit balance in the allowance for uncollectible accounts of $50,000. During January, the company had credit sales of $3.210,000. collections on credit sales of $2.990.000 and write offs of uncollectible accounts receivable totaling $48.000. All of the company's sales are credit sales Prepare journal entries to record the credit salos, cash collections, and accounts, receivable write offs for January, Mechanical Engineers, Inc. estimates that 6.5% of the accounts receivable balance will become uncollectible. Prepare the journal entry for bad debt expense. o Show the balance sheet presentation of accounts receivable as of January 31, 20X1