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QUESTION 9 25 points 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 196 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 estima made Required: Prepare the adjusting entry to record bad debts expense for 2020 (SHOW YOUR CALCULATIONS) AL TEINIPC or ALTEN.F10/Mac