15. Island Company is looking at changing their method of reporting bad debt cxpense. In past years the company has been able to use the direct write off method but are wishing to change to an allowance method Ape of Estimated x Balance Receivble Uncollectible $ 245,000 Under 30 days 0.75% $ 135,600 30-60 days 3.50% $ 55,660 61-120 days 20% $ 32,500 121-240 days 35% $ 28,750 214-360 days 45 $ 18 750 over 60 days 60% $ 516, 260 Total Account Receivable Current account balances: Allowance for Doubtful Accounts 4.568 credit Net Credit Sales Cash Sales Total Sales $ 1.678975 5 1.453.650 $ 3.12.625 Required I) Use the aging schedule to compute the estimated amount of uncollectible receivables. 2) Prepare the entry to record the estimated callecables 3) What would the amount of the entry we wsing the following methods instead 25% of net credit sales! of crecer? 16. Apollo Inc., orded code 51.750.000 during 2018. Ai December 31, 2017, the company had 250.000 de balance sechable and a 1000 credit balance in Allowance for Double Accounts Prepare the wasting to record estimated bad debt expense that he dicho estimad 15 of credit sales howy 5.000, Apollo wowote 52000. Prepare Ondary 20, 2000, comer who had previously in offered and paid 5.000 Prepare the me 0. d. Ale the whole who she is the Alco Dot Prepare 7 of 8 1114 words English (United States) MacBook Pro esc B I U A 2 3 4 % 5 6 7