Aging Method Bad Debt Expense Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce's accounts receivable: Accounts Receivable Category Proportion Expected to Default Amount 0-20 days $86,700 0.02 21-40 days 21,500 0.08 41-60 days 11,700 0.15 Over 60 days 5,300 0.30 $125,200 Cindy indicates that the $125,200 of accounts receivable identified in the table does not include $8,900 of receivables that should be written off. Required: 1. Journalize the $8,900 write-off. Allowance for Doubtful Accounts Accounts Receivable Record write-off of defaulted account 2. Determine the desired postadjustment balance in allowance for doubtful accounts, Round each aging category to the nearest dollar. $ Feedback Check My Work 3. If the balance in allowance for doubtful accounts before the $8,900 write-off was a debit of $450, compute bad debt expense. Prepare the adjusting entry to record bad debt expense. Bad Debt Expense Allowance for Doubtful Accounts Record adjusting entry for bad debt expense estimate