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 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Age Group Balance Estimated Uncollectible Pct $140,000 0.5% $80,000 2.0% $70,000 6.0% $10,000 50.0% 1. 2. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, 2019, balance sheet. Prepare the journal entry to record 2019 bad debts expense.