On December 31, 2019. Andy, Inc. has a credit balance of $2,500 in the Allowance for Uncollectible Accounts before any adjustment. Andy. Inc. also has the following aging schedule for its accounts receivable along with estimated percentages of uncollectible amounts for each category: Accounts 0-30 days Past Due Accounts 31-60 days Past Due Accounts 61-90 days Past Due Total Owed $50,000 $20,000 $10,000 Estimate of % Uncollectible 5% 10% 15% Andy, Inc. uses the Aging Method to estimate the accounts uncollectible. What is the required adjusting Journal entry that would be recorded on December 31, 2019? Debit Credit A Bad Debt Expense 3,500 Accounts Receivable 3.500 B. Bad Debt Expense 3,500 Allowance for Uncollectible Accounts 3,500 c. Allowance for Uncollectible Accounts 6,000 Bad Debt Expense 6,000 D. Bad Debt Expense 6,000 Allowance for Uncollectible Accounts 6,000 Answer A Answer B Answer . Answer D None of the answers are correct On March 17. Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms 2/10, net 20. Fredo paid for the building materials on March 23. Record Jackal Lumber's collection of cash entry. Debit Credit A. Cash 15,000 Accounts Receivable 15,000 B. Cash 14,700 Sales Discounts 300 15,000 Accounts Receivable C. Cash 15,000 Sales Discounts 300 Accounts Receivable 14.700 D. Cash 14,700 Accounts Receivable 14.700 Answer A O Answer B Answer C Answer D O None of the answers are correct. Refer to the information in the above question (question 16). How would the collection of cash from Fredo to Jackal Lumber be recorded if Fredo paid for the building materials on March 31 instead of March 23? Debit Credit A. Cash 15,000 Accounts Receivable 15,000 B. Cash 14.700 Sales Discounts 300 15,000 Accounts Receivable C. Cash 15.000 Sales Discounts 300 Accounts Receivable 14,700 D. Cash 14,700 Accounts Receivable 14,700 Answer A Answer B O Answer Answer D None of the answers are correct