L VIRITTI Happy Company had a $173,000 balance in Accounts Receivable and a credit balance of $300 in Allowance for Doubtful Accounts at December 31, 2020. Requirements: $ a. Current Accounts 0-60 days past due 61-180 days past due Over six months Total Estimated Total Percentage Estimated Uncollectible Uncollectible 3.00% 4500.00 9.00% 900.00 18.00% 1620.00 36.00% 1440.00 8460.00 Compute the amount of expected bad debts at December 31, 2020. 150,000 10,000 9,000 4,000 173,000 Answer Journal Entry Accounts Debit Credit b. Prepare the December 31, adjusting entry for for Bad Debt Expense. Date Dec 31 c. Journal Entry Accounts Debit Credit Date Dec Assume the same facts as above except that the Allowance for Doubtful Accounts had a $300 debit balance. Prepare the adjusting entry for Bad Debt Expense. 31 d. What is the net realizable value of accounts receivable at December 31, 2020? (How much cash does the company expect to collect)