Caption Heading 1 Heading 2 Normal No Spacing Heading 3 Subtitle On January 1, 2019, Joe's CellPhones had a debit Accounts Receivable balance of $ 150 000 and a credit balance in Allowance for doubtful accounts of $30 000 During 2019, it had the following selected transactions: January 2: Sold on account $ 100 000 of merchandize to Fanzi Cost of the goods sold: $50 000 January 30: Fanzi paid only $80 000 of his account receivable March 30. After repeated attempts to collect, Joe's wrote off its Account Receivable from Fanzi December 1: Joe's received a $20 000 cheque from Fanzi with his apologies for the late payment December 31: Using the aging-of-accounts receivable, Joe's estimates its uncollectible accounts $ 40 000 REQUIRED : Joumalize the Joe's CellPhones transactions including the adjustment of the bad debt of December 31, 2019 GENERAL JOURNAL DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT 1. CALCULATION OF THE ADJUSTMENT