On December 31, 2020, Toro Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $43,000. 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 $2,100,000 995,000 212,000 135,000 35,000 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percentage Uncollectible 1.25% 2.00 6.50 33.00 68.00 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. Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was $99,647.29; cash receipts recorded during November were $64.815.69; and cash disbursements recorded for November were $76,840.30. The balance according to the bank statement on November 30, 2020, was $82,360.68. The following cheques were outstanding at November 30: Cheque #920 #991 #1030 #1064 Amount 937.29 2,833.50 1,961.34 814.66 Included with the November bank statement and not recorded by the company were a bank debit memo for $22.26 covering bank charges for the month, a debit memo for $5,190.75 for a customer's cheque (Marnie Wiesen) returned and marked NSF, and a credit memo for $605.32 representing interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has been recorded and is awaiting deposit, amounted to $7,201.10. Required: o. Prepare a bank reconciliation at November 30, 2020. (Round your answers to 2 decimal places.)