Question 11 (A) Given the following data about Zoro One Co. Zero One Co has an accounts receivable balance on December 31, 2019, amounting to $88,000. Past experience supposts that 5% of the recevables are uncollectable Required: Calculate the amount of allowances for doubitul accounts on December 31, 2019. (1 mark) .Write down an adjusting entry to record estimated bad debts on December 31, 2017 (1 mark) (3) L. Why do companies sell on credit if they expect some accounts to be uncollectible? List two advantages of the allowance method (1-12 marks) For the toothpreet ALT+FOP) or ALTEFN0ad BIVS Peragraph Ara 101 IE A _TX 32 XX, 32 19 BHR