/12 Metlock Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage estimates of bad debts are as follows: METLOCK MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,300 0.45% 31-60 days 26,200 5.10% 61-90 days 11,900 21.00% Over 90 days 4,800 48.00% $104,200 Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations: (a) ENG -/12 The Allowance for Doubtful Accounts has an unadjusted $1,490 debit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.) Amount Number of Days Outstanding METLOCK MERCHANDISING Aged Schedule of Accounts Receivable Estimated Estimated % Uncollectible Uncollectible Accounts 0-30 days $61,300 0.45% $ 31-60 days 26,200 5.10% 61-90 days 11,900 21.00% Over 90 days 4,800 48.00% $104,200 $ 99+ 9 M ENG US Question 2 of 7 < > 31-60 days 20,200 5.10% 61-90 days 11,900 21.00% Over 90 days 4,800 48.00% $104,200 Date Dec. 31 Account Titles and Explanation eTextbook and Media List of Accounts Save for Later $ -/12 E Debit Credit Attempts: 0 of 3 used Submit Answer R