3. Computing and recording bad debt expense(20 marks) During 2009, receivable balance showed a total of $2.300,000, which had been aged and uncollectible percentage following table 1 Required Prepare the journal entry at end of year to record the bad debt expense if allowance for bad debt had a debt balance of $2,000 before the adjustment wisht company had a total sale with 80% were on credit, at end of year, the accounting Table 1 Age uncollectible percentage current 1-30days past due 31-60days past due 61-90 days past due Over 90days past due Amount $1,900,000 200,000 100,000 70,000 30,000 1% 5% 10% 20% 30%