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1 1:03:47 Required information [The following information applies to the questions displayed below) The Company prepared the following aging of receivables analysis at December 31,

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1 1:03:47 Required information [The following information applies to the questions displayed below) The Company prepared the following aging of receivables analysis at December 31, Days Past Due Total 1 to 30 31 to 60 61 to 98 Accounts receivable $580,000 $398,000 $92,000 $38,000 $20,000 Percent uncollectible 3% 45 75 94 Over 90 $32,000 12 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a, Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,800 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit Complete this question by entering your answers in the tabs below. a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the the Allowance for Doubtful Accounts is a $3,800 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the u the Allowance for Doubtful Accounts is a $300 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging o receivable. Accounts Percent Receivable Uncollectible (%) Not due: X 1 to 30: X 31 to 60: 61 to 90 Over 90: Estimated balance of allowance for uncollectibles = 0 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,800 credit balance. Note: Enter debits before credits Date General Journal Debit Credit Dec 31

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