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Question (2): At December 31, 2018, the trial balance of Al-Noha Company contained the following amounts before adjustments: Debits Credits Accounts Receivable $330,000 Allowance for

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Question (2): At December 31, 2018, the trial balance of Al-Noha Company contained the following amounts before adjustments: Debits Credits Accounts Receivable $330,000 Allowance for Doubtful Accounts 2,400 Sales $720,000 Instructions: 1. Prepare the adjusting entry at December 31, 2018, to record bad debt expense if the company estimates that 2% of accounts receivable will be uncollectible. 2. Prepare the adjusting entry at December 31, 2018, to record bad debt expense if the company estimates that 1% of sales will be uncollectible. 3. On January 20, 2019, a $1,800 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. 4. On March 15, 2019, $1,000 of the account that was written off on January 20, was collected. Prepare the journal entries to record that recovery

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