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Question 14 11 pts A summary of Klugman Company's December 31, 2020, accounts receivable aging schedule is presented below along with the estimated percent uncollectible

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Question 14 11 pts A summary of Klugman Company's December 31, 2020, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age groupe Age Groun Amount 0-60 days $60,000 5 61 - 90 days 22.000 10 91 - 120 days 3,000 10.0 over 120 days 1,000 500 The allowance for uncollectible accounts had a normal balance of $1.400 on January 1, 2020. During the year, bad debts of $750 were written oft Required: Prepare the journal entries for 2020to (1) write-off accounts during the year, and (2) to adjust accounts at year-end with respect to uncollectible accounts. Show computations for partial credit

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