Swiss Supplies showed the following selected acted bless Deceber L. 2019. year and Accents Receivable Dec. 31/19 Balance Allace for Dele Account 16,400 Dec. 31/19 Balance 490,000 During 2020, the following selected transactions occurred a Sales totalled $2.800,000, of which 25% were cash sales cost of sales $1.804,000). b. Sales ans were $108.000 half regarding credit sales. The returned merchandise was scrapped An account for $24,000 acred 2. Several accounts were written off $26.000 . Collections from clerit customers totalled $1.790,000 (excluding the recovery in (e) above) Part A Required 1. Journalize transactions through. You may find it to post your entries to accounts for Accounts Receivable and Allowance for Doubtful Aco. Part Required 2. Prepare the December 1, 2020 adjusting entry to estimate bad debts might collectibles are stated to be 1 of met credit cales 3. Show low accable will appear on the December 2010 ance sheet 4. What wia bat debt expense be on the income statement for the year ested December 31, 2020 Part Cindependent of Parts) Required 5. the December 11, 2020 in toate bad debts assuming that collectible accounts are estimated to be 3 of outstanding receivibles 6 Show how its recebe appear on the December 2010 balance sheet 7. What will be doit expense be on the income statement for the year anded December 1, 20202 Swiss Supplies showed the following selected acted bless Deceber L. 2019. year and Accents Receivable Dec. 31/19 Balance Allace for Dele Account 16,400 Dec. 31/19 Balance 490,000 During 2020, the following selected transactions occurred a Sales totalled $2.800,000, of which 25% were cash sales cost of sales $1.804,000). b. Sales ans were $108.000 half regarding credit sales. The returned merchandise was scrapped An account for $24,000 acred 2. Several accounts were written off $26.000 . Collections from clerit customers totalled $1.790,000 (excluding the recovery in (e) above) Part A Required 1. Journalize transactions through. You may find it to post your entries to accounts for Accounts Receivable and Allowance for Doubtful Aco. Part Required 2. Prepare the December 1, 2020 adjusting entry to estimate bad debts might collectibles are stated to be 1 of met credit cales 3. Show low accable will appear on the December 2010 ance sheet 4. What wia bat debt expense be on the income statement for the year ested December 31, 2020 Part Cindependent of Parts) Required 5. the December 11, 2020 in toate bad debts assuming that collectible accounts are estimated to be 3 of outstanding receivibles 6 Show how its recebe appear on the December 2010 balance sheet 7. What will be doit expense be on the income statement for the year anded December 1, 20202