1 3 points 8 23:32 Brown Cow Dairy uses the aging approach to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three time periods as follows: (1) 1to 30 days old, $11.600 (2) 31 to 90 days old $4,600, ond (3) more than 90 doys old, $2.600 For each age group, the average loss rate on the amount of the receivable due to uncollectibility is estimated to be (1) 4 percent (2) 12 percent, and (3) 20 percent, respectively at December 31 (end of the current year), the Allowance for Doubtful Accounts balance was $760 (credit) before the end of period odjusting entry is made Required: 1. Prepare a schedule to estimate an appropriate year end balance for the Allowance for Doubtful Accounts 2. What amount of Bad Debt Expense should be recorded on December 31 3. If the unadjusted balance in the Allowance for Doubtful Accounts was a $560 dobit balance. what amount of Bod Debt Expense should be recorded on December 31 Book Complete this question by entering your answers in the tabs below. Print Required 1 Required Required 3 Prepare a schedule to estimate an appropriate year end balance for the Allowance for Doubtful Accounts Seferences 1 to 30 31 to 90 Over 50 Total Accounts Receivable Estimated Uncollectible (8) Estimated Uncollectible (5) 1 3 point Brown Cow Dalry uses the aging approach to estimate Bad Debt Expense The balance of each account receivable is aged on the basis of three time periods as follows. 1to 30 days old, $11,600.(2) 31 to 90 days old, $4,600 and (3) more than 90 days old, $2,600 For each age group, the average loss rate on the amount of the receivable due to uncollectibility is estimated to be (1) 4 percent. (2) 12 percent, and (3) 20 percent respectively At December 31 (end of the current year), the Allowance for Doubtful Accounts balance was $760 (credit) before the end of period adjusting entry is made Required: 1. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts 2. What amount of Bad Debt Expense should be recorded on December 31 3. If the unadjusted balance in the Allowance for Doubtful Accounts was a $560 debit balanco, what amount of Bad Debt Expense should be recorded on December 312 80443.30 ook Hint Complete this question by entering your answers in the tabs below. Print Required Required 2 Required What amount of Bad Debt Expense should be recorded on December 317 Terences Amount of Bad Dot Expome 1 points Brown Cow Dairy uses the aging approach to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three time periods as follows (1 110 30 days old, $11,600 (2) 31 to 90 days old, $4,600; and (3) more than 90 days old. $2,600 For each age group, the average loss rate on the amount of the receivable due to uncollectibility is estimated to be (1) 4 percent (2) 12 percent, and (3) 20 percent, respectively At December 31 (end of the current year), the Allowance for Doubtful Accounts balance was $760 (credit) before the end of period adjusting entry is made Required: 1. Prepare a schedule to estimate an appropriate year and balance for the Allowance for Doubtful Accounts. 2. What amount of Bad Debt Expense should be recorded on December 31? 3. If the unadjusted balance in the Allowance for Doubtful Accounts was a $560 debit balance, what amount of Bad Debt Expense should be recorded on December 312 04310 wool Complete this question by entering your answers in the tabs below. Required Required 2 Roquod 3 If the unadjusted balance in the Allowance for Doubtful Accounts was a $560 debit balance, what amount of Bad Debt Exponse should be recorded on December 31 Perount of Bad Open