Part 1 - 5 Marks Essex Company's had an unadjusted credit balance of $2,500 in its Allowance for Doubtful Accounts as of December 31, 2019 (year end) and uses the allowance method. REQUIRED: A. Complete the aging of the accounts. (1.5 marks) Accounts Estimated % Age of Accounts Receivable Receivable Uncollectible Under 30 days (not due yet) 184,000 1% 1-30 days past due 60,000 4% 31-60 days past due 36,000 10% Over 60 days past due 20,000 20% Total 300,000 B. Prepare an adjusting entry to record estimated uncollectible accounts. (2 marks) C. Show how Accounts Receivable would appear on the December 31, 2019, balance sheet. (1.5 marks) Part 2 - 5 Marks Stiller Company uses the allowance method to account for bad debts. In the first year of operations (2019), Stiller sold $540,000 of merchandise on credit, including a $2,500 sale to Bubba Long. On December 31, 2019, it provided an addition to its allowance for doubtful MacBook Pro Part 2 - 5 Marks Stiller Company uses the allowance method to account for bad debts. In the first year of operations (2019), Stiller sold $540,000 of merchandise on credit, including a $2,500 sale to Bubba Long. On December 31, 2019, it provided an addition to its allowance for doubtful accounts equal to 1.8% of its credit sales. On June 1, 2020, Stiller wrote off as uncollectible the $2,500 account of Bubba Long On December 25, 2020 Bubba Long unexpectedly paid his account in full. REQUIRED: Prepare the journal entries (without explanations) that Stiller Company should make for the following: A. December 31, 2019 adjusting entry to record estimated uncollectible accounts based on % of sales. (2 marks) B. On June 1, 2020, to write off the bad debt. (1 mark) C. On December 25, 2020, to record the unexpected collection from Bubba Long. (2 marks) Part 3 - 2 Marks AG Incorporated uses the direct write off method to record losses from uncollectable accounts. Assume that on July 15 customer Tech Supplies is unable to pay an invoice in the amount of $500. REQUIRED: Prepare the journal entry to record the uncollectable account from Tech MacBook Pro marks) Part 3 - 2 Marks AG Incorporated uses the direct write off method to record losses from uncollectable accounts. Assume that on July 15 customer Tech Supplies is unable to pay an invoice in the amount of $500. REQUIRED: Prepare the journal entry to record the uncollectable account from Tech Supplies. (2 marks) Question 11 (12 points) Listen MacBook Pro