receivables, P-USA The October 1, 2020, record of First Data Communications include these accounts Accounts Receivable $225.000 Allowance for Uncollectible Accounts . At year and the company as its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the wing schedule. During the last quarter of 2020, the company completed the following selected transactions 2020 Nov 30 Wrote oftas un colectible the $1,100 account receivable from Rainbow Carpets and the $600 account receivable from Show N Tell Antiques Cla SLS CIA Gelene 7 back 8 9 0 U 1 K L 20:20 NOV 30 Wrote off as uncollectible the $1,100 account receivable from Rainbow Carpets and the $600 account receivable from Snow N Tell Antiques Deo 31 One of its customers, Peptar Ld, agreed to sign a 60 daynote receivable to replace the $1.500 accounts receivable due on that day Dec 31 Adjusted the Allowance for Uncollectible Accounts, and recorded Bad Debt Expense at year end based on the aging of receivables which follows Age of Accounts Total Balance 31-60 61-90 Over 90 0-30 Days Days Days Days 1 Cody SUS ROD LIA del 7 beckapo 8 9 U O 200 OU Learning Objectives 4 5 Use the aging approach for uncollectibles and account for notes receivable Requirements 1. Record the transactions in the journal. Explanations are not required. 2. Prepare a T account for Accounts Receivable and the Allowance for Uncollectible Accounts, and post to those accounts. 3. Show how First Data would report its accounts receivable on a comparative balance sheet for 2019 and 2020. At December 31, 2019, the company's Accounts Receivable balance was $212,000 and the Allowance for Uncollectible Accounts stood at $4,200