ou should have your calculator, scratch paper, pencil and Present Value tables handy, while you complete the exam, For journal entries, Insert a table with 3 to 4 columns Right justify your dollar amounts in the appropriate debit/credit columns. The right most column can be used to show your abeled calculations. You should have practiced prior to the exam, For problems that ask for a single amount your final response should appear on the first line, and should be clearly identified as your final response. Your labeled calculations should Follow your final response. "You should not use any other resource (human, electronic paper, etc.) except as noted above and your brain Question 5 27 pts Yount Corp. has an Accounts Receivable balance of $1.27 million and Allowance for Doubtful Accounts balance of $6,000 debit as of Jan 1.2020. During the year, Yount had credit sales of $6.4 million, wrote of $20,000 of bad debts and recovered $5,000 of accounts previously written off. The company estimates that 2% of its accounts receivable will be uncollectible. What is the amount of Bad Debt Expense for the year ended December 31, 20207 Clearly label all calculations to receive credit for correct numbers or partial credit where appropriate Edit View Insert Format Tools Table 12pt $ Paragraph A Two BIU acer ou should have your calculator, scratch paper, pencil and Present Value tables handy, while you complete the exam, For journal entries, Insert a table with 3 to 4 columns Right justify your dollar amounts in the appropriate debit/credit columns. The right most column can be used to show your abeled calculations. You should have practiced prior to the exam, For problems that ask for a single amount your final response should appear on the first line, and should be clearly identified as your final response. Your labeled calculations should Follow your final response. "You should not use any other resource (human, electronic paper, etc.) except as noted above and your brain Question 5 27 pts Yount Corp. has an Accounts Receivable balance of $1.27 million and Allowance for Doubtful Accounts balance of $6,000 debit as of Jan 1.2020. During the year, Yount had credit sales of $6.4 million, wrote of $20,000 of bad debts and recovered $5,000 of accounts previously written off. The company estimates that 2% of its accounts receivable will be uncollectible. What is the amount of Bad Debt Expense for the year ended December 31, 20207 Clearly label all calculations to receive credit for correct numbers or partial credit where appropriate Edit View Insert Format Tools Table 12pt $ Paragraph A Two BIU acer