Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year-end: Accounts Receivable Dec. 31/19 Balance 510,000 Allowance for Doubtful Accounts 15,600 Dec. 31/19 Balance During 2020, the following selected transactions occurred: a. Sales totalled $2,930,000, of which 25% were cash sales (cost of sales $1,891,000). b. Sales returns were $106,000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $22,000 was recovered. d. Several accounts were written off: $24,000. e. Collections from credit customers totalled $1,840,000 (excluding the recovery in (c) above). Part A Required: 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. 3. Show how accounts receivable will appear on the December 31, 2020, balance sheet. Answer is not complete. Partial Balance Sheet Assets Current assets: Accounts receivable Less: Allowance for doubtful accounts $20,546,000 21,445 4. What will bad debt expense be on the income statement for the year ended December 31, 2020? Answer is complete but not entirely correct. Bad debt $ 61,045 expense 6. Show how accounts receivable will appear on the December 31, 2020, balance sheet. Answer is complete but not entirely correct. Partial Balance Sheet Assets Current assets: Accounts receivable $ 768,500 Less: Allowance for doubtful accounts 23,055 $ 745,445 7. What will bad debt expense be on the income statement for the year ended December 31, 2020? Answer is complete but not entirely correct. Bad debt expense $ 62,655