Problem 17 e Southbreeze Hotel uses the aging of accounts receivable method of estimating bad Th debts. As percentages are as follows of December 31, 20X3, the summarized aging schedule and expected loss Aging of Accounts Receivable Current $18,000 1% 0-30 $2,200 2% 31-60 $1,800 4% 61-90 $1,000 10% Over 90 $750 30% Amount Loss % expected Required 1. Assuming a zero balance in the allowance account, make the necessary journal entry on December 31, 20X3 2. Assuming a $150 debit balance in the allowance account, make the necessary journal entry on December 31, 20X3