Transactions - X ts. Expla 2020 Nov. 30 Wrote off as uncollectible the $1,700 account receivable from Red Carpets and the $300 account receivable from Davidson Antiques. Dec. 31 One of its customers, Claire Ltd., agreed to sign a 60-day note receivable to replace the $2,000 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. Total Balance Age of Accounts 0 - 30 31 - 60 61 - 90 Over 90 Days Days Days Days $ 148,000 $ 41,000 $ 11.000 $ 40.000 0.2% 0.5% 5.0% 30% $240.000 Estimated uncollectible Print Done The October 1, 2020, records of Joulians Communications include these accounts: Accounts Receivable $ 240,000 Allowance for Uncollectible Accounts (8,400) At year-end, the company ages its receivables and adjusts the balance in Allowance nations are not required.) i Requirements 1. 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 Joulians 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 $4,800. Print Done