The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30, 2020:

Mufu estimates bad debts using the following rates:

Required

a. Complete a Schedule of Accounts Receivable by Age at September 30, 2020 (similar to Exhibit 8.13).

b. The Allowance for Doubtful Accounts showed an unadjusted balance on September 30, 2020, of $1,900. Record the adjusting entry at September 30, 2020, to estimate uncollectible accounts.

Exhibit 8.13

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Month of Credit Sale* May $35,000 Aug. $ -0- 36,000 Sept. $ -0- Customer June July $ 0- B. Axley -0- T. Holton 16,500 -0- -0- 74,000 W. Nix C. Percy K. Willis "All services are performed on terms of n/30. Assume all sales occurred on the last day of the month. -0- 23,100 12,200 9,900 -0- -0- 5,600 15,800 -0- -0- -0- -0- -0- -0- 92,500 1 to 29 days 30 to 59 days 60 to 89 days past due 10% 90 to 119 Over 119 Not yet due past due past due days past due days past due 1% 4% 0.5% 20% 50%