5 Data during the current year follow: 2 points a. On December 31, an Account Receivable (J. Doe) of $1,900 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2.5 percent of credit sales for the year. Required: 1. Prepare the required journal entries for the two items on December 31, the end of the accounting period. 2. Show how the amounts related to Accounts receivable and Bad debt expense would be reported on the income statement and balance sheet for the current year. Disregard income tax considerations. eBook lor Hint Complete this question by entering your answers in the tabs below. Print Req 1 Req 2A Req 2B References Show how the amounts related to Accounts receivable and Bad debt expense would be reported on the balance sheet for the current year. Disregard income tax considerations. (Amounts to be deducted should be indicated by a minus sign.) ROBBY'S CAMERA SHOP Partial Balance Sheet As of December 31 Current assets: Accounts receivable Accounts receivable, net of allowance for doubtful accounts $ 0