Scenario A. Percent of Sales: Apple Company reported the following balances as of December 31, 2020 before any year-end adjustments: Accounts receivable 5. 000,000 Allowance for doubtful accounts 150.000 Sales 10. 000,000 The entity estimated that 5% of the sales will be uncollected. Compute for the following: 1. Allowance for doubtful accounts as of December 31.2020 2 Doubtful accounts expense on December 31. 2020 3. Carrying amount of the accounts receivable as of December 31, 2020 Scenario B. Percent of Accounts Receivable Apple Company reported the following balances as of December 31, 2020 before any year-end adjustments: Accounts receivable 5. 000,000 Allowance for doubtful accounts 150,000 The entity estimated that 15% of the Accounts Receivable will be uncollected. Compute for the following: 4. Allowance for doubtful accounts as of December 31.2020 5. Doubtful accounts expense on December 31. 2020 6. Carrying amount of the accounts receivable as of December 31 . 2020 Scenalio C. Agigg of Accounts Receivable Apple Company reported the following balances as of December 31, 2020 before any year-end adjustments: Accounts receivable 5. 000,000 Allowance for doubtful accounts 150.000 The aging of accounts receivable as of December 31, 2020 are provided below: Outstanding Accounts receivable Expected uncollectible 0 days 2,500,000 0% 1 30 days 1,500,000 5% 31 60 days 400.000 10% 61 90 days 300.000 15% 91 120 days 200.000 20% Over 120 days 100.000 25% Compute for the following: 7. Allowance for doubtful accounts as of December 31.2020 8. Doubtful accounts expense on December 31. 2020 9. Carrying amount of the accounts receivable as of December 31 . 2020 Compute for the following: Percent of Sales Percent of A/R Aging of A/R Scenario A Scenario B Scenario C As of December 31, 2020 Allowance for doubtful accounts 1. 4. 7. Doubtful accounts expense 2. 5. 8. Accounts receivable - net 3. 6. 9