me: 1 hour, 37 minutes, 47 seconds. Completion Status: QUESTION 4 The schedule of aging accounts for a Company, at the end of the year 2020, appears below. Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $20,000 5,000 4,000 2.500 31.500 Estimate % of Bad Debts 1% 5% 10% 20% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of $400, be Required: Prepare the adjusting entry to record bad debts expense for 2020 (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIU Paragraph v Arial Click Save and Submit to save and submit. Click Save All Answers to save all as esc tab # M W pi EE ALL X 080