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146.(20 points) A partially completed aging of receivables schedule for Lindy Designs is shown below Calculate the amount that is estimated to be uncollectible. (a)
146.(20 points) A partially completed aging of receivables schedule for Lindy Designs is shown below Calculate the amount that is estimated to be uncollectible. (a) Determine the amount estimated to be uncollectible by completing the aging of receivables schedule Round calculations to the nearest dollar Est. Uncollectible Accounts Amount Age Interval Not past due 1-30 days past due 31--60 days past due 61--90 days past due 1-180 days past due 181--365 days past due Balance Percentage $550,000 2.50% 96,500 4.00% 43,750 9.50% 22,250 16.00% 5,600 31.00% 3,100 60.00% t due 1.25g 95.00% | Total (b) If the Allowance for Doubtful Accounts has a credit balance of $9,700, record the adjusting entry for the bad debt expense for the year (c) If the Allowance for Doubtful Accounts has a debit balance of S9,700, record the adjusting entry for the bad debt expense for the year
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