all one question ( note that there is a debit balance of 600 before the estimate was made)

The schedule of aging accounts for a Company, at the end of the year 2020, appears below. Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $40,000 10,000 5,500 1,800 57300 Estimate % of Bed Debts 1% 5% 10% 20% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of $600, before the estimate was rude Required: Prepare the adjusting entry to record bad debts expense for 2020 (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10pt 111 E 4 IX 680 FT A Arial Daragraph sing accounts for a Company, at the end of the year 2020, appears below Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $40,000 10,000 5,500 1.800 57300 The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debt balance of 5800, deve the estimate Estimate of Bander 19 54 10% 205 Required: Prepare the adjusting entry to record bad debts expense for 2020 (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU S Paragraph Arial