Company sells merchandise on credit. During the fiscal year ended July 31, the company had net sales of $2,300,000. At the end of the year, it had Accounts Receivable of $600,000 and a debit balance in the Allowance for Uncollectible Accounts of $2,750. An aging analysis of accounts receivable reveals that $30,000 of the receivables appears to be uncollectible. This problem is worth nine points. Required: (a) Prepare the journal entry to record bad debts expense using the accounts receivable aging method (percentage-of-receivables method). (b) What is the resulting balance in the Allowance for Uncollectible Accounts under this method? (c) What is the net amount of Accounts Receivable as of July 31 after your adjustment in part (a) above? (d) Show how would your journal entry in part (a) would change if the Allowance for Uncollectible Accounts had been a credit balance of $2,750 instead of a debit balance