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show your calculations please The schedule of aging accounts for a company, at the end of the year 2020, appears below 25 points Current 1-30

show your calculations please
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The schedule of aging accounts for a company, at the end of the year 2020, appears below 25 points Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $40,000 4,000 5.500 2.000 51.500 Estimate of Bad Debts 2% 796 1596 22% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of 5800, before the stunate was made Required: Prepare the adjusting entry to record bad debts expenso for 2020 (SHOW YOUR CALCULATIONS)

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