Aging Method Bad Debt Expense Cindy Bagnal, the manager of Cayce Printing Service, has provided the following aging schedule for Cayce's accounts receivable: Proportion Expected to Default Amount 0.02 Accounts Receivable Category 0-20 days 21-40 days 41-60 days Over 60 days 0.08 $84,600 21,500 11,700 5,300 $123,100 0.15 0.30 Cindy indicates that the $123,100 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. 18 an amount box does not require an entry, leave it blank. (Record write-off of defaulted account) Over 60 days 0.30 5,300 $123,100 Cindy indicates that the $123,100 of accounts receivable Identified in the table does not include $8,900 of receivables that should be written oft Required: 1. Journalize the $8,900 write-off. If an amount box does not require an entry, leave it blank, (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 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. If an amount box does not require an entry, leave it blank. (Record adjusting entry for bad debt expense estimate)