Question 5 (0 points) Champ's Pet Emporium accepts cash and debit cards for most sales transactions. But they do offer trade accounts receivable to select customers. The May month end is fast approaching, and they wish you to determine the proper entry to account for bad debts. Use the information below to determine the appropriate entry: Total Sales Cash sales Debit card sales Sales on Account: $ 1,083,780 $ 466,025 $ 75,865 ??? 2% Bad Debt % on sales on account UUS Accounts Receivable ending balance Allowance for Doubtful Accounts opening balance s Accounts written off this period $ 20,047 DR 3,935 CR 1,183 Aging Accounts Receivable Current 30-60 days 0-90 days ver 90 days Bad Debt % 37% 19 23% 3% 14% 9% 26% 72% 100% A) If Champ's Pet Emporium follows the Balance Sheet Approach, prepare the journal entries for the company for account write-off and bad debt. Show all calculations. B) What would be the net Accounts Receivable on the Balance Sheet after preparing your journal entry from A)? 1 = mu