ABC Company had the following aging schedule of Accounts Receivable:

As a result of the aging schedule, the amount of the adjusting entry to record the bad debts expense recorded by the company was $5,873 knowing that the allowance for doubtful accounts had a debit balance of $1,500.

knowing that

A=3000 , B=4200 , C=2000 , D=600 , F=6900 , E=5000 , G=1800 , H=800

Compute the missing amounts of the aging schedule:

Letter I amount is: *

a-$5,000

b-$5,200

c-$8,000

d-$8,200

e-None of the above

Letter J amount is: *

a-$3,134

b-$4,552

c-$5,100

d-$6,425

e-None of the above

Letter K amount is: *

a-15%

b-20%

c-25%

d-30%

e-None of the above

Letter L amount is: *

a-40%

b-45%

c-50%

d-55%

e-None of the above

Letter M amount is: *

a-$35

b-$40

c-$350

d-$400

e-None of the above

Letter N amount is: *

a-$1,820

b-$1,870

c-$2,800

d-$2,870

e-None of the above

Letter O amount is: *

a-$800

b-$2,550

c-$4,360

d-$5,200

e-None of the above

Letter P amount is: *

a-$4,373

b-$5,373

c-$6,373

d-$4,875

e-None of the above

Number of Days Past Due Customer Name Not Yet Due 1-30 31-60 61-90 Over 90 Total Lana $1,200 A B Mark $800 $3,200 6,000 Iyad D 1,300 E F Total G H 4,300 I J 17,100 Estimated % 1% 5% K 35% L Estimated Bad Debt 18 M 645 N O P