A partially competed aging of receivables schedule for Lindy Designs' is shown below. Calculate the amount that is estimated to be uncollectible.

a. Determine the amount estimated to be uncollectible by completing the aging of receivables schedule. Round calculations to the nearest dollar.

		Est. Uncollectible Accts
Age Interval:	Balance:	Percentage:	Amount:
Not past due	550,000	2.50%
1~30 days past due:	96,500	4.00%
31~60 days past due:	43,750	9.50%
61~90 days past due:	22,250	16.00%
91~180 days past due:	5,600	31.00%
181~365 days past due:	3,100	60.00%
Over 365 days past due:	1,250	95.00%
Total:	722,450

b. If the Allowance for Doubtful Accounts has a credit balance of $9,700, record the adjusting entry for the bad debt expense for the year.

Dec. 31

c. If the Allowance for Doubtful Accounts has a debit balance of $9,700, record the adjusting entry for the bad debt expense for the year.

Dec. 31