Chapter 8 Lab i Saved Help Save & Exit Submit Problem 8-7A Uncollectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Account Debit Credit 20 Sales $1, 720,000 points Accounts receivable $155, 000 Allowance for doubtful accounts 3, 200 Skipped Part 1 eBook Required: Print a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 2020. References View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Mc Graw Chapter 8 Lab Saved Help Save & Exit Submit Requirea: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 2020. View transaction list 20 Journal entry worksheet points Skipped Record the estimate for uncollectible accounts. eBook Print References Note: Enter debits before credits. Date General Journal Debit Credit Oct 31, 2020 Mc Graw Chapter 8 Lab i Saved Help Save & Exit Submit b. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (a). 20 Partial Balance Sheet points Assets Skipped Current assets: eBook Print ReferencesChapter 8 Lab i Saved Help Save & Exit Submit Part 2 Required: c. Instead of (a), assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31, 2020. 20 points View transaction list Skipped Journal entry worksheet eBook Print References Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31, 2020 Mc Graw HillChapter 8 Lab i Saved Help Save & Exit Submit Date General Journal Debit Credit Oct 31, 2020 20 points Skipped Record entry Clear entry View general journal eBook Print References d. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (c). Partial Balance Sheet Assets Current assets: Mc Graw Hill