Winfrey Designs had an unadjusted credit balance in its Allowance for Doubtful Accounts at December 31, 2020, of $2,400. Required: a. Prepare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follows. December 31, 2020 Accounts Receivable $ 162,000 47,000 11,000 2,600 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due Over 60 days past due Expected Percentage Uncollectible 18 4% 10% 60% View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general inumat b. During 2021, credit sales were $1,507,000; sales discounts taken were $28,000; accounts receivable collected were $1,263,600; and accounts written off during the year totalled $30,000. Prepare the adjusting entry required on December 31, 2021, to estimate uncollectible receivables assuming it is based on the following aging analysis. December 31, 2021 Accounts Receivable $300,000 93,000 26,000 17,000 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due Over 60 days past due Expected Percentage Uncollectible 1% 4% 10% 60% View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit c. Show how accounts receivable would appear on the December 31, 2021, balance sheet. Assets Current assets Partial Balance sheet