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QUESTIONS The schedule of aging accounts for a Company, at the end of the year 2020, appears below: Accounts Receivable Estimate of Bad Debts Current $40,000 2% 1-30 days overdue 4,000 7% 31-60 days overdue 5,500 15% More than 60 days overde 2.000 22% Total 51.500 The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of 5800, before the estimate was made Required. Prepare the adjusting entry to record bad debts expense for 2020 (SHOW YOUR CALCULATIONS) For the press ALT FOCALTANI B 15 Pwgh Anal 10 IE TX XX, .. 11 112 3