need help with number 3&4

Help Save & Ex Submit Check my work 4 Innovative Tech Incorporated (IT) has been using the percentage of credit sales method to estimate bad debts. During November i sold services on account for $160,000 and estimated that 1/2 of 1 percent of those sales would be uncollectible Required: 1. Prepare the November adjusting entry for bad debts. 2. Starting in December, I switched to using the aging method. At its December 31 year end, total Accounts Receivable is $80.200 aged as follows: (1) 1 to 30 days old, $67,000 (2) 31 to 90 days old, 510,000; and (3) more than 90 days old, 53.200 The average rate of uncollectibility for each age group is estimated to be (1 11 percent. (2) 22 percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts 3. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1.200 credit balance at December 31 Prepare the December 31 adjusting entry 4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet Book Huit Pune Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,200 credit balance at December 31 Prepare the December 31 adiusting entry. (if no entry is required for a transaction/event. select 'No Journal Entry Required in the first MC