Question: Please help me with this! Thanks! Aging Approach AR Selected unadjusted account balancesat Dec 31 ,2019' are shown on the table below for ABC Account

Please help me with this! Thanks!

Aging Approach AR Selected unadjusted account balancesat Dec 31 ,2019' are shown on the table below for ABC Account Receivable $ Age of A/C Rec 15000000 Not due 700000 1-30 past due 150000 31-60 past due 85000 61-90 past due 20000 Over 90 days Expected % of uncollectibles 1.25% 3% 10% 35% 70% Calculate the following using the aging population REQUIRED 1. Calculate the bad debt 2. Journalize the bad debt 3. post the transactions to T accounts 4. Give an extract of the balance sheet

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