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myMetro On January 1, 2019, Hungryman, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Accounts Receivable $1,276,600 Allowance for Doubtful Accounts (a credit balance) 41,000 During 2019, Hungryman had $18,900,000 of credit sales, collected $17.945,000 of accounts receivable, and wrote off $60,000 of accounts receivable as uncollectible. At year end, Hungryman performs an aging of its accounts receivable balance and estimates that $52,000 will be uncollectible Required: 1. Calculate Hungryman's preadjustment balance in accounts receivable on December 31, 2019 X 2. Calculate Hungryman's preadjustment balance allowance for doubtful accounts on December 31, 2019. Feedback Check My Work 1 & 2. Using T-accounts, start with the balance at the beginning of the year and make the necessary debits and/or credits for the transactions that occurred during the year. 3. Prepare the necessary adjusting entry for 2019. Bad Debt Expense Allowance for Doubtful Accounts