Question: please answer it quick dont have time left The schedule of aging accounts for a Company, at the end of the year 2020, appears below

please answer it quick dont have time left
please answer it quick dont have time left The schedule of aging

The schedule of aging accounts for a Company, at the end of the year 2020, appears below Current 1-30 days overdue 31-60 days overdue More than 60 days overdue Total Accounts Receivable $20,000 5,000 4,000 2 500 31,500 Estimate % of Bad Debts 19 5% 10% 20% The allowance was estimated by using the schedule of ageing accounts. The allowance account had a debit balance of $400, before the estimate was made Required: Prepare the adjusting ontry to record bad debts exponse for 2020 (SHOW YOUR CALCULATIONS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IVS Paragraph Arial I. XOQ 5 10pt 2 111 11

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