OTY ACC 101 CAN3.xlsx - Read-Only Shape Format Tell me nsert Draw Page Layout Formulas Data Review View Calibrl (body) 11 EE P Wrap Text Accounting Insert Delete BIU A Merge & Center Conditional Format Cel Formatting Table Styles Format Sort Fier A B C D E E UL Problem #4 The following information relates to Jennifer's Gemelli, Inc. for the month ended December 31, 2020: Dec. 1st balance in "Allowance for Doubtful Accounts" Write-offs for the month Reinstatements for the month Credit Sales for the month Estimated % credit sales deemed uncollectible Estimated amount of accounts deemed uncollectible, calculated using an aging of Dec. 31st accounts receivable Dec. 31st balance in "Accounts Receivable" $165,000 $15,000 $1,000 1,800,000 0.75% $163,000 $2,100,000 26 The account DEBITED for the write-off entries during 2020 is utoSave OFF REU ACC 101 CA3.xlsx - Read-Only Shape Format Tell me me Insert Draw Page Layout Formulas Data Review View X Calibri (Body 11 Wrap Text Accounting Insert Delete Merge & Carter 45 Conditional Format Cell Formatting as Table Styles A Format angle A B C D E F 31 The balance in the "allowance for doubtful accounts" after adjustment is 32 The expected realizable value at December 31, 2020 is 36 Questions 33 through Assume the company uses the "% of credit sales method" to account for bad debts: The account CREDITED for the December 31, 2020 adjusting entry is 33 34 The amount of the December 31, 2020 adjusting entry is 35 The balance in the "allowance for doubtful accounts" after adjustment is 36 The expected realizable value at December 31, 2020 is