A B C D E F Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Total 0 Accounts receivable $115,200 $80,000 Percent uncollectible 1% Required: G H J K L M N Days Past Due 1 to 30 31 to 60 61 to 90 Over 90 $18,000 $7,200 $4,000 $6,000 3% 5% 8% 11% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. (Use cells A4 to G6 from the given information to complete this question.) Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Accounts receivable x Percent uncollectible (%) x x x x = = Estimated Uncollectible Estimated balance of allowance for uncollectibles 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 credit. No Date General Journal 1 December 31 Debit Credit $1,000