& The schedule of aging accounts for a Company, at the and of the year 2020, appears tow Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $40,000 10,000 5,500 1.800 57,300 Estimate of Bad Lott 1% 5% 10% 20% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a dec Required: Prepare the adjusting entry to record bad debts expense for 2020. (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Click Save and Submit to save and submit. Click Save All Answers to save all answers