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Question 2 Tech Ltd has a high rate of bad debts. End balance for the allowance for doubtful accounts will be based on the aging

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Question 2 Tech Ltd has a high rate of bad debts. End balance for the allowance for doubtful accounts will be based on the aging schedule shown. Before the year and adjustnents, the company's allovance for doubtful ac $2,000 DR The year-end balance for the allowance for the allowance for doubtful accounts will be based on the aging schedule shown. Complete the table for the estinated anount of bad debt of each aging category Aging Category Bad Debt % Balance Estimated Amount of Bad Debt ss than 20 da 2.00% $350,000 20 - 30 days 5.50% $100,000 31-60 days 20.00% $23,000 61 + days 50.00% $15,000 a) Prepare the journal entry to record bad debt expense at year-end (Decenber 31, 20x0). b) Prepare the journal entry to record the write-off of Customer A's ac $ 350 c) Custoner A returns and pays the account in full. Prepare the journal transactions to reverse the vrite-off and record the payment. Date Description DR CR

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