$1.$ Prior to estimating the amount uncollectible, it is determined that Dr$.$ Carrie Schiller's and Dr$.$ Alec Altenwerth's accounts that originated in $2022.$ are judged uncollectible.

Prepare the journal entry.

Date Account Titles Debit Credit

$2.$ Management estimates that $3\%$ of their credit sales will be uncollectible. Prepare the adjusting journal entry to record bad debt expense on December $31$st$.$

Date Account Titles Debit Credit

$3.$ Determine the total estimated amount uncollectible $($ending AFDA$).$

Allowance for Doutbful Accounts

$4.$ Critical Thinking: How would the journal entries you've just created affect the accounts receivable turnover and average collection period that you calculated in Question $2?$

$5.$ Create a bar or column chart that shows accounts receivable by its age $($number of days old$).$

What can you surmise from the chart you created?

Comments: