4 Make the entry on 12/31/2002 for this below - assume they have not had any entries to the Allowance prior to this. DATE Account Debit Credit Accounts Receivable (gross) at 12/31/2002 is the following aged: Age 1-30 days 31-60 days 61-90 days over 90 days Total A/R A A A $ $ $ $ $ Amount 60,000 40,000 30,000 10,000 140,000 Target Allowance (% they don't think they can collect) 10% 20% 50% 90%