ber 1, 2020, records of Fast Communications include these accounts: Receivable $ 245,000 ce for Uncollectible Accounts (8,600) and, the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2020, the company completed the following selected tran ick the icon to view the transactions.) ements i Transactions X Requirements X Ist, 2020 Nov. 30 Wrote off as uncollectible the $2,000 account receivable from ed 1 . Record the transactions in the journal. Explanations are not required. Blue Carpets and the $500 account receivable from Johnson 2 . Antiques. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts. Dec. 31 One of its customers, Tiffany Lid., agreed to sign a 60-day note receivable to replace the $1,300 accounts receivable due on that 3. Show how Fast would report its accounts receivable on a comparative day. balance sheet for 2019 and 2020. At December 31, 2019, the company's Accounts Receivable balance was $206,000 and the Allowance for Dec. 31 Adjusted the Allowance for Uncollectible Accounts and recorded Uncollectible Accounts stood at $4,700. Bad Debt Expense at year-end, based on the aging of receivables, which follows. Age of Accounts Print Done 0 - 30 31 - 60 61 - 90 Over 90 Total Balance Days Days Days Days Dec. $245,000 $ 151,000 $ 35,000 $ 21,000 $ 38,000 Estimated uncollectible 0.2% 0.5% 5.0% 30% Choose from any list or enter any number in the input fields and then continue to the next q Print Done MacBook Air