Patel Company had a $ 700 credit balance in Allowance for Doubtful Accounts at December 31, 2020. before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible 1% 5% Age of accounts Current accounts.. 0-30 days past due.... 31-60 days past due... 61-90 days past due... Over 90 days past due.... Total accounts receivable..... $ 140,000 95,000 36,000 12,000 8,000 $ 291.000 10% 25% 50% Required: Do not use commas or dollar signs. Enter negative numbers with a negative sign (-). Fractions should be entered as a decimal. a) Complete the chart and prepare the adjusting entry on December 31, 2020, to recognize bad debt expense. Age of accounts Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts Current accounts $ 140,000 1% $ 0-30 days past due 95,000 5% 36,000 10% 12,000 31-60 days past due 61-90 days past due Over 90 days past due Total 25% 8,000 50% $ 291,000 $ a) Complete the chart and prepare the adjusting entry on December 31, 2020, to recognize bad debt expense. Age of accounts Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts Current accounts $ 140,000 1% $ 0-30 days past due 95,000 5% 36,000 10% 12,000 31-60 days past due 61-90 days past due Over 90 days past due Total 25% 8,000 50% $ 291,000 To adjust the allowance account to total estimated uncollectible. b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $2,500 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's bad debt expense. Todist the