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Question 13 30 pts Duarte has the following information from its analysis of accounts receivable at the end of the year 2020. Age Past Due
Question 13 30 pts Duarte has the following information from its analysis of accounts receivable at the end of the year 2020. Age Past Due Receivable balance Estimated loss (%) 0-30 days past due $64,200 1.5% 31-60 days past due $32,000 2.8% 61-90 days past due $16,000 4.8% Over 90 days past due $ 3,100 43.5% The balance of Allowance for Doubtful Accounts is a $1200 debit balance on December 31, 2020, before adjustments. Required: a. Compute bad debts expense that will be recorded for 2020. (Round to the nearest whole dollar.) (15 points) b. What is the amount of net accounts receivable to be reported on Duarte's December 31, 2020 balance sheet? (5 points). c. Provide the journal entry for a write-off of $250 that was deemed uncollectible from customer QAR on January 25, 2021. Later on July 4, 2021, Later on July 4, 2021, Duarte collected the $250, which was written off from customer QAR, provide the journal entry for both January 25, 2021 and July 4, 2021 clearly labeling them with the corresponding dates. (10 points)
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