QUESTION 5 - ACCOUNTS RECEIVABLE (6 POINTS): Lakeshore Corp. has hired you and needs you to clean up their Accounts Receivable and Allowance for Doubtful Accounts. You are provided the following information: Appr Account 2018 AFDA, January 1, 2018 $ 6,000 Customer accounts written off April 30, 2018 8,500 AR, January 1, 2018 26,000 1200 AR, December 31, 2018 24,000 2018 Sales ($30,000 cash) 210,000 6600 Lakeshore states that 5% of receivables are estimated to be uncollectible Required: 1) Calculate ending allowance for doubtfut accounts 2) Calculate bad debt expense (2 points) ) Record the adjusting journal entry required at Dec 31, 2018 AT After the adjusting entry above, on January 5th, 2019, B. Allen, a customer who owes $4,600, moves to Alaska. Brown Benefits decides to write off the account. Prepare the necessary general journal entry. How much cash was collected in 2018 from sales on account (ignore cash sales)? BONUS 2 points: is bad debt expense recorded when a customer is written off, or "goes bad? Why or why not