A partially completed aging of receivables schedule for Lindy Designs follows:

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

Age Interval	Balance	Estimate of Uncollectible Accounts Percentage	Estimate of Uncollectible Accounts Amount
Not past due	$550,000	2.50%	fill in the blank 1 of 8$
1-30 days past due	96,500	4.00%	fill in the blank 2 of 8
31-60 days past due	43,750	9.50%	fill in the blank 3 of 8
61-90 days past due	22,250	16.00%	fill in the blank 4 of 8
91-180 days past due	5,600	31.00%	fill in the blank 5 of 8
181-365 days past due	3,100	60.00%	fill in the blank 6 of 8
Over 365 days past due	1,250	95.00%	fill in the blank 7 of 8
Total	$722,450		fill in the blank 8 of 8$

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b. If Allowance for Doubtful Accounts has a credit balance of $9,700, journalize the adjusting entry for the bad debt expense for the year. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Dec. 31	Accounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales Returns and Allowances	- Select -	- Select -
	Accounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales Returns and Allowances	- Select -	- Select -

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c. If Allowance for Doubtful Accounts has a debit balance of $9,700, journalize the adjusting entry for the bad debt expense for the year. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Dec. 31	Accounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales Returns and Allowances	- Select -	- Select -
	Accounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales Returns and Allowances	- Select -	- Select -