> 34 0.5 points Provide the journal entry for credit sales 4096 Allowance for Uncollectible Receivables The following is an aging schedule of Jill Co's accounts receivable at 12/31/2020 (all dollar values in thousands): Outstanding Percentage of Ending Gross AR Estimated uncollectible 0 - 30 5096 5% 31-60 35% 10% Over 60 15% Jill uses the aging schedule above to estimate bad debts. During 2020, Jill wrote off $450 in receivables and recovered $60 that had been written off in prior years. During 2020 credit sales totaled $12,500 and cash collections from customers were $12,000 (excluding the previously written off receivable). The 2019 balance sheet disclosed the following: Current Assets Receivables, net of allowance for bad debt of $200 $3,000 35 0.5 points Provide the journal entry for cash collections 36 1 point Provide the journal entry for write-off of uncollectible accounts Activate Windows