Q1. On December 31, 2020, James Company has an accounts receivable balance of $324,000 before any year-end adjustments. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable: Age of Accounts 31-60 Days 61-90 Days 35,000 14,000 0.5% 5.0% 0-30 Days 150,000 0.2% Over 90 Days 25,000 Accounts receivable balance Estimated uncollectible 30.0% Requirements: 1. Record the journal entry for the write off of $2,500 during year. Explanations are not required 2. Calculate and record the bad debt expense as at December 31, 2020. Explanations are not required 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts 3. Show how James Company would report its accounts receivable on a comparative balance sheet for 2019 and 2020. At December 31, 2019, the company's Accounts Receivable balance was $212,000 and the Allowance for Uncollectible Accounts stood at $4,200