The following information is for the year ended 30 june 2016, prior to any adjustments Sales for the year 900,000 Net credit sales for the year 800,000 Accounts receivable, 30 June 2016 150,000 Allowance for bad debts, 30 June 2016 3,000 Cr Ageing of accounts receivable and expected collectable % at 30 June 2016: 1-30 days 100,000 95% 30-60 days 30,000 90% 61-90 days 20,000 85% Over 90 days 10,000 80% Assume the business uses the % of sales method for estimating bad debts. It estimates the relevant 96 to be 2%. The adjusting entry to record bad debts expense for the year is: The balance in the allowance for bad debts account after the above entry is: At the end of the financial year the business uses the ageing of accounts receivable method to confirm the balance of the allowance for bad debts account. This calculation suggests that the balance of the allowance for bad debts should be: The journal to make this adjustment is: The business now identifies an account for 2000 that is uncollectable. The balance of Net Accounts Receivable after writing off the bad debt will be