On December 31, 2020 , Company ABC has the following information as presented below

Account	Debit $	Credit $
A/C Receivable	21,000
ADA	3,300
Sales [$28,500 cash sales]		114,000

Required

PART 1 [ Use 2 %sales Approach]

1. Calculate Credit sales

2. Calculate bad debt

3. Journalize the bad debt and the Allowance for doubtful debt

4. Post them on T account

5. Show the balance extract for the account receivable