PROBLEM 5: (9 POINTS TOTAL) Maxxell, Inc, uses the allowance method of accounting for uncollectible accounts. At 12/31/20x1, BEFORE aging receivables, the allowance account had a $10,000 debit balan ce. Accounts receivable at 12/31/20x1 and the estimated uncollectible percentages are presented below AGING OF ACCOUNTS RECEIVABLE 1-30 Days 31-60 Days 1:90 Da80,000 s 500,000 200,000 Over 90 Daya Total 100,000 20,000 Estimated uncollectable Percentage 1% 3% 0% 20% A. Prepare the entry on 12/31/x1 to record bad debts expense. (You MUST show your analysis to support your answer) (3 POINTS) B. Compute the net realizable value of the accounts receivable for the December 31, 20x1 balance sheet. SHOW YOUR WORK. (3 POINTS) c. On 6/1/x2, Maxwe1l wrote off a $1,000 receivable from Samco as uncollectible. Please make the appropriate journal entry to record this on Maxwell's books. (3 POINTS)