Fast pleeeese

Box Co. has a balance in the allowance for doubtful debts account of $8,020 Credit. Before the adjustment at the year ended 30 June 2021, no bad debts are expected to be recovered. Aged Schedule of accounts receivable at 30 June 2021 Accounts Estimated % Receivable Uncollectable Not yet due $100,000 2.0 % 1 - 30 days overdue 220,000 3.096 31 - 90 days overdue 92,000 5.0 % Over 90 day overdue 18,200 10.0 % Required: A. Using the aging of accounts receivable method, calculate estimated bad debts from the above information. (3 marks) B. Prepare a general journal entry to adjust allowance for doubtful debts (ignore GST). (2 marks) C. On 6 August 2021, Felix Ltd, whose $6,000 account had been written off as uncollectable in July, paid its account in full. Prepare journal entries to record the collection. (2 marks) D. A basic difference between the direct write-off and the allowance method of recording bad debts is that of timing. Explain