Amount $15,000 Lowes, Inc.'s Accounts Receivable balance at December 31, 2020 totals $60,000 as shown in...

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Amount $15,000 Lowes, Inc.'s Accounts Receivable balance at December 31, 2020 totals $60,000 as shown in the aging schedule. Assume Lowes Inc. has a beginning debit balance in the allowance for doubtful accounts of $500. Please answer the questions below and show your work step-by-step to if you would like to receive partial credits. Current Probability of Noncollecting 1% 1-30 days past due 10,000 2% 31-60 days past due >61 days past due 20,000 3% 5,000 5% 1) What is the ending balance in Allowance for Doubtful Accounts in 2020? 2 points 3) Make the journal entry to record the Bad Debt Expenses in 2020. 4 points Amount $15,000 Lowes, Inc.'s Accounts Receivable balance at December 31, 2020 totals $60,000 as shown in the aging schedule. Assume Lowes Inc. has a beginning debit balance in the allowance for doubtful accounts of $500. Please answer the questions below and show your work step-by-step to if you would like to receive partial credits. Current Probability of Noncollecting 1% 1-30 days past due 10,000 2% 31-60 days past due >61 days past due 20,000 3% 5,000 5% 1) What is the ending balance in Allowance for Doubtful Accounts in 2020? 2 points 3) Make the journal entry to record the Bad Debt Expenses in 2020. 4 points