On December 31, 2020, Toro Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $28.000. The accountant for Toro has prepared a schedule of the December 31, 2020. accounts receivable by age and on the basis of past experience, has estimated the percentage of the receivables in each age category that will become uncollectible. This information is summarized as follows: December 31, 2020 Accounts Receivable $1,360,000 643, eee 137, eee 88,eee 22,eee Age of Accounts Receivable Not due (under 38 days) 1 to 3e days past due 31 to be days past due 61 to 9e days past due over se days past due Expected Percentage Uncollectible 1.25 2.ee 6.se 33.ee 65.ee Required: 1. Calculate the amount that should appear in the December 31, 2020, balance sheet as the allowance for doubtful accounts. Allowance for Doubtful Accounts 2. Prepare the journal entry to record bad debt expense for 2020. View transaction ist Journal entry worksheet > Record the estimate for uncollectible accounts. Note: Enter debits before credits Date General Journal Debit Credit December 31