1. XYZ Corp has $100,000 of receivables outstanding at year end. They use the allowance method of accounting for bad debts. They estimate uncollectible accounts in the amount of $3,000. Provide entry to record bad debt expense assuming: a. Their year end allowance for bad debts has a credit balance of $200 b. Their year end allowance for bad debts has a debit balance of $300 c. The have the following aging schedule for their receivables: Provide the adjusting entry to record estimated bad debts assuming their allowance for bad debts account has a credit balance of $500 d. Provide the entry needed to record them writing off an uncollectible account in the amount of $1,000