question

On Jan 1, 2020, Enviro Landscaping Services has the following balances - Accounts Receivable $38,800; and Allowance for Doubtful Accounts $2,100 (debit). During the year 2020, $4,500 of accounts receivable were identified as uncollectible. Sales revenue for year 2020 was $452,000, including credit sales of $432,000. Cash collections on account were $415,600 during the year. The company also received a cheque of $4,800 from a customer which was previously written off. The aging of accounts receivable yields these data. Age of Accounts 0-30 31-60 61-90 Over 90 Total Days Days Days $30,000 Days Receivables Amount of receivable $8,200 $6,900 $4,700 $49,800 Percent uncollectible 2 % 3 % 8 % 50 % Requirements: a) Prepare journal entries for the above transactions for the year 2020 including bad debt expense based on aging-of-accounts-receivable method. Show all calculations for full marks. (14 marks)) General lournal