JyNDg1MjMyODBa/a/MTA3MDIzNDgzMzU5/details Assignment 2 Sales % approach Selected unadjusted account balancesat Dec 31,2019' are shown on the table below for ABC Account Debit $ Credits Account Receivable 75000 Sales 480000 Sales cash 25% ADA Balance 1100 Sales discount discount applies to both cash and credit sales ] 8000 ABC estimates that 1.5%of net credit sales will prove to be uncollectible. REQUIRED 1. Calculate the bad debt 2. Journalize the bad debt 3. post the transactions to T accounts 4. Give un extract of the balance sheet o 32 Assignment 3 AR % Approach + Selected unadjusted account balancesat Dec 31,2019' are shown on the table below for ABC Account Debit $ Credit $ Account Receivable 75000 Sales 480000 Sales cash 25% ADA Balance 1100 Sales discount [ discount applies to both cash and credit sales ] 8000 ABC estimates that 6% of account receivables will prove to be uncollectible. REQUIRED 1. Calculate the bad debt 2. Journalize the bad debt 3. post the transactions to T accounts 4. Give an extract of the balance sheet