Abby Elen Company uses the income statement be associated with this years sales Based on the past several years, the Net Credt Sales Accounts Receivable 80.000 $7,000 Assume that hee is a $100 credt balance in the Allowance for Doubithul Accounts from pri Allowance For ccounts on the current Ascounts Rece The company prepares an Aging ofl Accounts Receivable schede 31-60 870 10% Over 90 Not Yet Due 3,600 3% 7.000 2.000 200 330 50% Compute the Total Estimated Uncollectible Accounts Prepare the adjusting entry to record bad debts expense for the end of period Journal Entry Debit 31 pute the net receivables based on the above information at the end of December