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Accounting question? The September 30, 2020, balance sheet of Kroenke Products reported the following: Accounts Receivable $ 310,000 Allowance for Doubtful Accounts (credit balance) 10,000

Accounting question?

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The September 30, 2020, balance sheet of Kroenke Products reported the following: Accounts Receivable $ 310,000 Allowance for Doubtful Accounts (credit balance) 10,000 During the last quarter of 2020, Kroenke Products completed the following selected transactions: i (Click the icon to view the transactions.) Required Requirement 1. Record the transactions in the general journal. December 30. Wrote off the following accounts receivable as uncollectible: Barry White, $2,500; Carlos Media, $2,200; and Doug Zabellos, $1,100. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Accounts Debit Credit i Transactions X Date Dec. Dec. 30 Wrote off the following accounts receivable as uncollectible: Barry White, $2,500; Carlos Media, $2,200; and Doug Zabellos, $1, 100. Dec. 31 Recorded bad debt expense based on the aging of accounts receivable, as follows: Age of Accounts Receivable 1 - 30 31 - 60 61 - 90 Over 90 Accounts Receivable Days Days Days Days Total = $328,500 $ 179,000 $ 95,000 $ 37,500 $ 17,000 Estimated percent uncollectible 0.1% 0.3% 5.0% 40.0% Print Done

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