3 Question 10 of 20 Current Attempt in Progress Coronado Ltd. has prepared the following aging schedule for the company at December 31, 2024. The company uses the percentage of receivables approach to estimate uncollectible accounts. % uncollectible Total Est. uncollectible amts $19775 0-30 Number of Days Outstanding Accounts receivable $438500 $234500 $118000 $49000 $16500 23C Partly sunny 31-60 1% 4% 61-90 91-120 Over 120 O credit to Allowance for Doubtful Accounts for $16835. debit to Allowance for Doubtful Accounts for $19775. credit to Bad Debt Expense for $16835. O debit to Bad Debt Expense for $19775. 8% $2345 $4720 $3920 $2640 Search 16% $20500 30% $6150 Assuming the company has a $2940 credit balance in the allowance account at the beginning of the period, the journal entry to record bad debt expense will include a -/1 ww ENG US 13 : 4:25 P 2023-07-

Coronado Ltd. has prepared the following aging schodule for the compory at December 31,2024 . The compary uses the percentage of receivables approach to estimate uncollectible accounts: Assuming the company has a $2940 credit balance in the allowance accosint at the beginning of the period, the journal entry to record bad dett expense wili include a credit to Allowance for Doubtful Accounts for $16835. debit to Allowance for Doubtful Accounts for $19775 credit to Bad Debt Expense for $16835. debit to Bad Debt Expense for $19775