In 2018, Aces Company has credit sales of $1,600,000. On December 31, 2021, the company's Accounts Receivable has a debit balance of $850,000. Answer the following 5 questions. 1. If the company uses aging of accounts receivable and has the following information, calculate the estimated uncollectible accounts. Show Your Calculations. Expected % Uncollectible Accounts Receivable Age of Accounts December 31, 2017 Receivable $425,000 Not yet due 320,000 0-30 days past due 65,000 31-90 days past due 40,000 >90 days past due 2% 10% 30% 60% 2. Record the entry for Bad Debts Expense at December 31, 2021 assuming the Allowance for Uncollectible Accounts has a credit balance of $2,500 before adjustment. Date Account Name Y Debit Credit 3. On January 20, 2022, prepare the journal entry to record the write-off of $21,000 as uncollectible Date Account Name Debit Credit 4. On March 20, 2022, unexpectedly collected a $3,000 account previously written-off. Record the required journal entries. Date Account Name Debit Credit Page 5 of 9 1778 words English (United