The October 1, 2020, records of Fast Communications include these accounts: Accounts Receivable $ Allowance for Uncollectible Accounts 255,000 (8,700) At year-end, the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2020, the company completed the following selected transactions: (Click the icon to view the transactions.) Requirements Requirement 1. Record the write-off of uncollectible accounts in the journal. (Record debits first, then credits. Explanations are not required.) Transactions Credit 2020 Nov. 30 Wrote off as uncollectible the $1,500 account receivable from Blue Carpets and the $1.000 account receivable from Alphatic Antiques. Dec. 31 One of its customers, Cindy Ltd., agreed to sign a 60-day note receivable to replace the $1,900 accounts receivable due on that day. Dec. 31 Adjusted the Allowance for Uncollectible Accounts and recorded Bad Debt Expense at year-end, based on the aging of receivables, which follows. Age of Accounts 0-30 31-60 61 - 90 Over 90 Total Balance Days Days Days Days $255,000 $ 145,000 $ 39,000 $ 15,000 $ 56,000 30% Estimated uncollectible 0.2% 0.5% 5.0% Print Done Crep i Requirements - w Cancel 2. 3. Record the transactions in the journal. Explanations are not required. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts. Show how Fast 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 $213,000 and the Allowance for Uncollectible Accounts stood at $4,500. Print Done