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Uuestion Accounts Receivable and Bad Dent Colonial use the allowance metho d for bad de Bad Debit problems (Four parts: 8 total points) bad debts

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Uuestion Accounts Receivable and Bad Dent Colonial use the allowance metho d for bad de Bad Debit problems (Four parts: 8 total points) bad debts on December 31, 2018, Colonial had the vables prior to recording adjusting entries: 525.000 Accounts receivable Allowance for doulful weats (prior to Mjustments) Sales revenue (all credit sales) 200 credit balance 4000 Required: Colonial uses the allowance method to for bad debts For parts A through C below. prepare necessary year end had det djusting entries for each of the following independent stumptions A Anaying of accounts receivable is completed. It is estimated that $2.150 of the receivables utstanding at year and will be uncollectible. (2 points) B. Assume the same information presented in part A above except that, prior to adjustment, the allowance for doubtful accounts had a debit balance of $200 rather than a credit balance of $200 (2 points) dients is required for 1% of credit sal so it sules for the year C. It is estimated that a possib points) D. A customer declared bankruptcy in February 2019 and receivable of $10,000 originally recorder 2018 was deemed uncollectible. Prepare the entry to record the write-ot of this uncollectible receive (2 points)

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