Credit terms are 2/10, 1/30. At March 31, 2020, there is a W2,100 credit balance in Allowance for E8.6 (LO 2) Min Yachts has accounts receivable of W95,400 at March 31, 2020 (amounts in thousands Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis foresti receivable. ise, and mating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2020 2019 W65.000 W75.000 12,900 8.000 10.100 2,400 7.400 1.100 #95.400 W86,500 Estimated Percentage Uncollectible 2% 5 30 50 Instructions a. Determine the total estimated uncollectibles as of March 31, 2020. b. Prepare the adjusting entry at March 31, 2020, to record bad debt expense. c. Discuss the implications of the changes in the aging schedule from 2019 to 2020. covery E8.7 (LO 2) At December 31, 2019. Blanda Creations had a credit balance of 15,000 in Allowance for Doubtful Accounts. During 2020, Blanda wrote off accounts totaling 11,000. One of those accounts (1,800) was later collected. At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be 19,000. Instructions Prepare journal entries to record the 2020 transactions of Blanda. ceivables E8.8 (LO 2) On December 31, 2020, Ling Industries estimated that 2% of its net accounts receiv- able of Y450,000 will become uncollectible amounts in thousands). The company recorded this amount as an addition to Allowance for Doubtful Accounts. The allowance account had a zero balance before adjustment at December 31, 2020. On May 11, 2021, Ling determined that the Jeff Shoemaker account was uncollectible and wrote off 1,100. On June 12, 2021, Shoemaker paid the amount previously written off. Instructions Prepare the journal entries on December 31, 2020, May 11, 2021, and June 12, 2021