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1 A B D E F Age of Accounts Receivable 1-30 31-60 61-90 Days Days Days Days Total Accounts Receivable $179,000 $95,000 $37,500 $17,000 $328,500 Estimated percent uncollectible 0.196 0.3% 5.0% 40.0% Over 90 W 2 3 4 5 Record the transactions in the general journal using aging method and finding the uncollectibles Make T accounts for A/R, and the uncollectible reporting accounts and post the uncollectibles. What is the Net Recievables? Suppose, on December 31, the bad debt expense was based on an estimate of 4 percent of the accounts receivable balance ($328,500) rather than on the aging of accounts receivable. Record the December 31, 2020, entry for bad debt expense in the general journal