116 The following aging schedule for the Claytor Company reflects the A/R account at year end: 117 118 Estimated Uncollectible 119 Account Age A/R Percentage 20 Current (not yet due) $ 450,000 2% 21 1-30 days past due S 85,000 5% 22 31-60 days past due $ 35,000 10% 23 61 90 days past due S 5,500 15% 24 Over 90 days past due S 2,000 25% 25 26 The Allowance for Doubtful Accounts balance was $800 (credit). 27 28 Required: 29 a. Calculate the amount of the Allowance for Doubtful Accounts that should appear on December 31 of the current year balance sheet. 30 Show calculations) 31 A B D 28 Required: 29 a. Calculate the amount of the Allowance for Doubtful Accounts that should appear on December 31 of the current year balance sheet. 30 [Show calculations) 31 32 33 34 35 b. Prepare the adjusting journal entry to record estimated Bad Debt Expense for the current year. Debit Credit 36 Accounts 37 38 39 40 41