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9) Bonita Company estimates uncollectible accounts using the allowance method at December 31 prepared the following aging of receivables analysis Davs Past ue Total Current1
9) Bonita Company estimates uncollectible accounts using the allowance method at December 31 prepared the following aging of receivables analysis Davs Past ue Total Current1 to 30 31 to 6061 to 90 Over 90 Accounts receivable! S110.000 68.0 17,0 10,000 Percent uncollectible 8,000 8% 7,000 130 0 1% 0 a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method the unadjusted balance in the Allowance for Doubtful Accounts is a S550 credit. the unadjusted balance in the Allowance for Doubtful Accounts is a S300 debit. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a Assume c. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a Assume
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