Instructions The following information is extracted from Shoton Corporation's accounting records at the beginning of 2010. Accounts Receivable Allowance for Doubtful Account $72.000 1,200 (credit) During 2019, sales on tredit amounted to $573,000, 5554,000 was collected on outstanding receivables and $2,000 of receivables were written ort as uncollectible On December 31, 2018. Shehon estimates a bad debts to be 4% of the outstanding gross accounts receivable balance Required 1. Prepare the journal entry necessary to record Shettone entrate or bad debt experto kv 2019 2. Prepare the Accounts Receivable section of Snoon December 31, 2018, balance shoot 3. Compute Shelton's ronivables tumover. 4.1 Sheldon uses IFRS, what might be the heading for the accounts receivatoto section in Popurement