Styles Q1. On December 31, 2020, James Company has an accounts receivable balance of $324,000 before any year-end adjustments. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable: 0-30 Days Age of Accounts 31-60 Days 61-90 Days Over 90 Days Accounts receivable balance 150,000 35,000 14,000 25,000 Estimated uncollectible 0.2% 0.5% 5.0% 30.0% Requirements: 1. Record the journal entry for the write off $2,500 during the year. Explanations are not required. 2. Calculate and record the bad debt expense as at December 31, 2020. Explanations are not required. 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts. 3. Show how James Company 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.