palance ble by gory Abs Componen On June 30, 2021, zippy Cas Company condude that a comme created in 2020) was uncollectible and that the account should be weinen off. What effect will h ppy 2021 profit? Explain your answer. Problem 8-SA Accounts receivable transactions and bad debt adjustments LO1,2,3 CHECK FIGURES: 2. Bad Debt Expense $20.400, 5. Bad Dett Expense $1200 Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year end Dec. 31/19 Balance Accounts Receivable 490,000 During 2020, the following selected transactions occurred: Mowance for Doubtful Accounts 16.400 Dec 31/19 Sales totalled $2,800,000, of which 25% were cash sales (cost of sales $1,804,000). & Sales returns were $108,000, half regarding credit sales. The returned merchandise was scrapped. e. An account for $24,000 was recovered. d. Several accounts were written off: $26,000. Collections from credit customers totalled $1,790,000 (excluding the recovery in (c) above). Part A Required 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. art B ine that uncollectible