Practical Question: Doubtful Accounts and Bad Debt (15 marks) At December 31, 2019, the Accounts Receivable balance of Stenner's Electronics is $300,000. The Allowance for Doubtful Accounts has $8,900 credit balance. Accountants for Stenner's Electronics prepare the following aging schedule for its accounts receivable. Account Age Age Group Balance Estimated Uncollectible Pct 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due $140,000 $80,000 $70,000 $10,000 0.5% 2.0% 6.0% 50.0% 1. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, 2019, balance sheet. 2. Prepare the journal entry to record 2019 bad debts expense