(1c) $27,000 2 Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 At December 31, Hovak Co.'s Allowance for Doubtful Accounts has an unadjusted debit balance of s past-due c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. prg 4 balance sheet given the facts in part la halance sheet given the facts in part lc. Problem 9-3B count re- Aging accounts receivable $3400. Hovak prepares a schedule of its December 31 accounts receivable by age. and accounting for bad debts past-due P2 P3 Age of Accounts Receivable Expected Percent Uncollectible Accounts Receivable ount re- Not yet due $396,400 %07 1 to 30 days past due 277,800 past-due 31 to 60 days past due 8.5 000'8 61 to 90 days past due 39.0 009'9 82.0 Over 90 days past due 008' 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Required Check (2) Dr. Bad Debts Expense, $31,390 2. Prepare the adjusting entry to record bad debts expense at December 31. Anaiysis Component 3. On July 31 of the following year, Hovak concludes that a customer's $3,455 receivable is uncollectible and the account is written off. Does this write-off directly affect Hovak's net income? ements