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Journalize this entry: At the end of January, $5,000 of accounts receivable are past due,...

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Accounting

Journalize this entry:

At the end of January, $5,000 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $20,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

the amount of $1200 is incorrect and the amount of $1000 is incorrect.

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