Question 8 Dangle Computer Ltd has credit sales of $400,000 in 2020 anda debit balance of $1,900 in the Allowance for Doubtful Accounts at year end. As of December 31, 2020, $120,000 of accounts receivable remain uncollected. The credit manager of Dangle prepared an aging schedule of accounts receivable and estimates that $4,800 will prove to be uncollectible. On March 3, 2021 the credit manager authorizes a write-off of the $1,000 balance owed by D. Taylor. On April 1, 2021 Mr. Taylor pays his account in full and also pays Dangle $75 interest on his account Required (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2020, (6) Show the statement of financial position presentation of accounts receivable on December 31, 2020 (e) On March 3, 2021 before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accountsis a credit of $3,000. Make the appropriate entry to record the write-off of the Taylor account. Also show the appropriate statement of financial position presentation of accounts receivable before and after the write-off. (d) Record the payment received on April 1, 2021