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a. The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each periodicity range that is deemed to be und Age

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a. The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each periodicity range that is deemed to be und Age Interval: Not past due 1~30 days past due: 31-60 days past due: 61-90 days past due: 91-180 days past due: 181-365 days past due: Over 365 days past due: Est. Uncollectible Accts Balance: Percentage: Amount: 850,000 3.50% 29,750 47,500 5.00% 2,375 21,750 10.00% 2,175 20.00% 2,250 5,060 30.00% 2,500 50.00% 1,250 1,140 95.00% 939,200 = b. If the Allowance for Doubtful Accounts has a credit balance of $1,135, record the adjusting entry for the bad debt expense for the year, Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts O All work saved. MacBook Air

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