1 5 points Estimated Percent Uncollectible 60% 50% 40% 30% 20% 10% Credit Sales Percent Uncollectible by Accounts 0% Credit Sales 1% Not yet due 1-30 days past due 31-60 days past due 61-90 days Over 90 days past due past due Accounts Receivable 5% +ableau 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method. 4. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Percent uncollectible (%) Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Accounts receivable Not yet due: $ 830,000 x 2% = 16,600 1 to 30: 254,000 X 3% = 7,620 31 to 60: 36,000 7% 2,520 61 to 90: Over 90: 38,000 X 12,000 x 33% 12,540 68% = 8,160 Estimated balance of allowance for uncollectibles $ 47,440 < Required 1 Required 2 > 1 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets 5 points Estimated Percent Uncollectible Cash Accounts Receivable Value ($) Inventory Supplies Over 90 days past due Accounts Receivable by Age 61-90 days past due 31-60 days past due 1-30 days past due 70% 60% 50% 40% 30% 20% 10% Not yet due $0 $200,000 $400,000 $600,000 $800,000 Accounts Receivable ($) Makeup of Total Sales Percent Uncollectible by Age Credit Sales Cash Sales Percent Uncollectible by Accounts 0% Credit Sales 1% Not yet due 1-30 days past due 31-60 days past due 61-90 days Over 90 days past due past due Accounts Receivable 5%