Problem 8-7B Uncollectible accounts LO2, 3 Part CHECK FIGURES: b. Accounts receivable (net) = $108,700; d. Accounts receivable (net) = $126,440 Littlerock Surveying showed the following partial unadjusted results at May 31, 2020, its month-end: Durin Anar Account Debit Credit wend appro $860,000 NICO Sales Accounts receivable. Allowance for doubtful accounts $132.000 1,800 CHAPTER 8 Receivables Part 1 Required Assuming Littlerock estimates bad debts to be 2.5% of sales, prepare the adjusting entry at May 31, 2020. show how accounts receivable would be shown on the May 31, 2020, balance sheet using your calculations in (a). Part 2 Required unts c. Instead of (a) above, prepare the adjusting entry at May 31, 2020, assuming that Littlerock estimates bad debts to be based on the following aging analysis. May 2020 Accounts Receivable Age of Accounts Receivable Expected Percentage Uncollectible 1% $98,000 27,000 7,000 Not due (under 30 days) 1 to 30 days past due Over 60 days past due 4% 50% 19 2020 inven d. Show how accounts receivable would be shown on the May 31, 2020, balance sheet using your calculations in (c)