COMPREHENSIVE ADA TRANSACTIONS: 2020 ABC Company began operations in 2020. Review the transactions and determine the amounts asked below. 2020 transactions: 1. $500,000 of credit sales 2. $440,000 customer payments collected on credit sales 3. Wrote off a $2,000 receivable from NotGonnaPay, INC a customer who went into bankruptcy. 4. ABC Company estimates 4% of its Accounts Receivable at 12/31/20 will be uncollectable. *** REQUIRED*** Update the T Accounts for: Cash, A/R, Sales, Bad Debt Expense, and ADA. Please include your T Accounts in your PDF Upload. Journals are not required, but could be helpful in solving the problem. ***REQUIRED*** answer the following as of Dec 31, 2020 A) Accounts Receivable balance is $ B) Allowance for Doubtful Accounts (ADA) balance is $ C) Bad Debt Expense (BDE) balance is $ continued: COMPREHENSIVE ADA TRANSACTIONS: 2021 Using the information from 2020 for ABC Company and proceed into 2021. Update the T Accounts and answer the questions below. Label your entries with the appropriate transaction letter. Use the 2021 transactions: 5. $650,000 in credit sales 6. $630,000 payment received on credit sales (collected from AR customers) 7. Received $1,500 from the customer previously written off in #3 as a bankruptcy settlement. 8. Wrote off a $3,000 receivable from NoCash Customer, who went into bankruptcy. 9. At 12/31/21 ABC, Inc estimated 5% of its ending AR will be uncollectable. REQUIRED*** Update the T Accounts for: Cash, A/R, Sales, Bad Debt Expense, and ADA for the 2021 transactions. Include your T Accounts in your PDF upload. ***REQUIRED** answer the following as of Dec 31, 2021 A) Accounts Receivable balance is $ B) Allowance for Doubtful Accounts (ADA) balance is $ C) Bad Debt Expense (BDE) balance is $