saved Help Soved On December 31, 2020, Zippy Car Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $42.000 The accountant for Zippy has prepared a schedule of the December 31, 2020, accounts receivable by age and on the basis of past experience has estimated the percentage of the receivables in each age category that will become uncollectible. This information is summarized as follows: 39 December 31, 2020 Accounts Receivable 52,950,000 971,000 207.000 132,000 34,000 Age of Accounts Receivable Not due (under 30 days) 1. to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percentage Uncollectible 1.25 2.00 6.50 33.00 68.00 Required: 1. Calculate the amount that should appear in the December 31, 2020, balance sheet as the allowance for doubtfut accounts Allowance for Doubtful Accounts Saved 2. Prepare the journal entry to record bad debt expense for 2020. View transaction list Journal entry worksheet 17 Record the estimate for uncollectible accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31