Required Information [The following information applies to the questions displayed below.) Blue Skles Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectibility is (a) 4 percent. (b) 13 percent, and ( 31 percent, respectively. At December 31, 2019 (end of the current accounting year), the Accounts Receivable balance was $49,800 and the Allowance for Doubtful Accounts balance was $1,110 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2019, follow: B. Brown-Account Receivable Explanation Debit Credit 03/11/2018 Sale 13,200 13,200 Collection 4,300 8,900 01/31/2019 Collection 3,800 5,100 Balance Date 06/30/2018 Date 02/28/2019 04/15/2019 11/30/2019 D. Donalds-Account Receivable Explanation Debit Credit Sale 22, 200 Collection 7,800 Collection 4.600 Balance 22,200 14,400 9,800 Data 02/28/2019 04/15/2019 11/30/2019 D. Donalds-Account Receivable Explanation Debit Credit Sale 22,200 Collection 7,800 Collection 4,600 Balance 22,200 14,400 9,800 Date 11/30/2019 12/15/2019 N. Napier-Account Receivable Explanation Debit Credit Sala 8,000 Collection 1,800 Balance 8,000 6,200 Date 03/02/2017 04/15/2017 09/01/2018 10/15/2018 02/01/2019 03/01/2019 12/31/2019 S. Strothers-Account Receivable Explanation Debit Credit Salo 4,100 Collection 4,100 Sale 9,900 Collection 4,900 Sale 21,800 Collection 6,500 Sale 2,500 Balance 4,100 0 9,900 5,000 26,800 20,300 22,800 Date 12/30/2019 T. Thomas Account Receivable Explanation Debit Credit Sale 5,900 Balance 5,900 Journal entry worksheet Record the adjusting entry for bad debt expense at December 31, 2019. Note: Enter debits before credits Debit Credit Transaction General Journal Record entry Clear entry View general Journal