Can you please fill out Ans. according to templated down below, Thank you 2I3I Question 1 (25

Can you please fill out Ans. according to templated down below, Thank you

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2I3I Question 1 (25 marks) Bob's Auto Parts has provided you with the accounts receivable information below at year end on December 31. The allowance for doubtful accounts ledger account currently has a credit balance of $800. 1-30 days 60,000 31-60 days 61-90 days Over 90 days Total 20,000 10,000 10,000 Age Smith Jones White Brown 40,000 Green 30,000 LeBlanc 50,000 Pelletier Totals Estimated 10,000 230,000 1% 2% 10% 50% uncollectible Dollar amount Required a. Complete the appropriate form to age the accounts receivable. You need to fill in the "Totals" and the "Dollar amount" rows. Provide the necessary end-of-year journal entry using the aging of accounts receivable method. You need to fill in the "Dollar amount" row and provide the total. Provide the necessary end-of-year journal entry using the aging of accounts receivable method. b. Net credit sales are $5,000,000. Estimated bad debts are 0.2% of net credit sales. Provide the necessary end-of-year journal entry using the percentage of sales method. 2I3I Question 1 (25 marks) Bob's Auto Parts has provided you with the accounts receivable information below at year end on December 31. The allowance for doubtful accounts ledger account currently has a credit balance of $800. 1-30 days 60,000 31-60 days 61-90 days Over 90 days Total 20,000 10,000 10,000 Age Smith Jones White Brown 40,000 Green 30,000 LeBlanc 50,000 Pelletier Totals Estimated 10,000 230,000 1% 2% 10% 50% uncollectible Dollar amount Required a. Complete the appropriate form to age the accounts receivable. You need to fill in the "Totals" and the "Dollar amount" rows. Provide the necessary end-of-year journal entry using the aging of accounts receivable method. You need to fill in the "Dollar amount" row and provide the total. Provide the necessary end-of-year journal entry using the aging of accounts receivable method. b. Net credit sales are $5,000,000. Estimated bad debts are 0.2% of net credit sales. Provide the necessary end-of-year journal entry using the percentage of sales method.