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Swiss Supplies showed the following selected adjusted balances at its December 31, 2019. year-end: Accounts Receivable 490,000 Dec. 31/19 Balance Allowance for Doubtful Accounts 16,402 Dec. 31/19 Balance During 2020. the following selected transactions occurred: a. Sales totalled $2,800.000, of which 25% were cash sales (cost of sales $1,804,000). b. Sales returns were $108,000, half regarding credit sales. The returned merchandise was scrapped c. An account for $24.000 was recovered. d. Several accounts were written off: $26,000. e. Collections from credit customers totalled $1790,000 (excluding the recovery in (c) above), Part A Required: 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the salos Required: 2. Prepare the December 31, 2020, adjusting entry to estimate bad debts assuming that uncollectible accounts are estimated to be 1% of net credit sales View transaction list Journal entry worksheet 1 Record the estimate for uncollectible accounts debet Debit Credit General Journal Date December 31 ho Record entry Clear entry View 3. Show how accounts receivable will appear on the December 31, 2020, balance sheet. Partial Balance Sheet Assets Current assets: nces 4. What will bad debt expense be on the income statement for the year ended December 31, 2020? Baddest expense

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