help Problem 8-7A Uncollectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Debit Credit $1,550,000 Account Sales Accounts receivable Allowance for doubtful accounts $139,000 3,000 Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 2020. b. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (a). Partial Balance Sheet Assets Current assets: Part 2 Required: c. Instead of (a), assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31, 2020. View transaction list Journal entry worksheet 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Debit General Journal Date Credit Oct 31, 2020 d. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (c). Partial Balance Sheet Assets Current assets