On December 31, 2020, Toro Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $24,000 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 11, 2030 Accounts Receivable $1,160,000 547,000 132.00 75.000 18,000 Age of Accounts Receivable Not doe (under 30 days) 1 to 30 days past due 31 to 6e days past due 01 to 90 days past due Over 90 days past due Expected Percentage Uncollectible 1.25% 2.00 6.50 33.00 65.00 Required: 1. Calculate the amount that should appear in the December 31, 2020, balance sheet as the allowance for doubtful accounts Allowance Accounts 2. Prepare the journal entry to record bad debit expense for 2020 Viewransactions Journal entry worksheet 1 Record the water while 2. Prepare the journal entry to record bad debt expense for 2020 View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general Journal