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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 uncollectible. If
a. The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each periodicity range that is deemed to be uncollectible. If required, round your answers to two decimal places. Estimated Uncollectible Accts Age Interval Balance Percentage Amount Not past due $850,000 3.50% 1-30 days past due 47,500 5.00 31-60 days past due 21,750 10.00 61-90 days past due 11,250 20.00 91-180 days past due 5,065 30.00 181-365 days past due 2,500 50.00 Over 365 days past due 1,145 95.00 Total $939,210 b. If Allowance for Doubtful Accounts has a credit balance of $1,135.00, record the adjusting entry for the bad debt expense for the year. Round your answers to two decimal places. Dec. 31
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