6 Daft Punk had a $300 balance in Allowance for Doubtful Accounts at December 31, 2018, before the current year's estimate for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage 02:29:38 $170.000 Print 15,000 12,000 Uncollectible Current Accounts 1% 130 days past due 3% 31-60 days past due 6% 61-90 days past due 15% Over 90 days past due 30% Total Accounts Receivable 5,000 9,000 $211,000 How much is the entry to record bad debt expense for the period? How much is the entry to record bad debt expense for the period? 6 Multiple Choice 8 02:19:24 $6,020 Print O $300 O $211,000 O $6,320 -. 8 Required information [The following information applies to the questions displayed below. Part 2 of 2 The Miller Company earned $133,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $87,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. 8 02:29:30 Print What is the net realizable value of Miller's receivables at the end of Year 1? What is the net realizable value of Miller's receivables at the end of Year 1? 00 Multiple Choice Part 2 of 2 8 $42,010 02:29:28 Print $43,390 $49,990 $46,000