Problem 8-7A Uncollectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Account Debit Sales $1,580,000 $142,00 Allowance for doubtful accounts 3,800 Credit Accounts receivable Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 2020 View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. b. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (a). Assets Current assets Part 2 Required: c. Instead of (a), assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31, 2020 View transaction list Journal entry worksheet