also need the journal entry to record bad debt

Silky's Downtown Properties developed an aged schedule of accounts receivable at the end of each year, Click the icon to view the schedule of accounts receivable) The company estimated an allowance for uncollectible accounts based on the following estimates: (Click the icon to view the allowances provided) Silky's reported net credit sales of $4,700,000 for the current year. We present the company's ending balances of accounts receivable and the allowance for uncollectible accounts: Click the icon to view the t-accounts.) Read the requirements Requirement a. Compute the balance required in the allowance for uncollectible accounts. a. Silky's Downtown Properties: Aged Schedule of Accounts Receivable Past Due Current 1-30 Days 31-60 Days 61-90 Days Over 90 Days Totals Allowance % % Totals Alowance needed Data Table Customer Cracker Consultants Wilson Company Luxury Products Silky's Downtown Properties: Aged Schedule of Accounts Receivable Past Duo Current 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 105,000 $ 30,000 $ 6,000 $ 3,000 19,000 $ 60.000 24,000 44,200 $ 13,700 194,000 32,200 12,100 $ 108,000 $ 54,000 $ 69,200 $ 45.900 $ 266,100 $ Totals 141,000 82,000 275.900 44,300 Dapper Industries Totals 543,200 DACA Account receivable and the allowance for More Info Aging Allowance Category Provided Current 5% 6% 1-30 days past due 31-60 days past due 10% 61-90 days past due 30% Over 90 days past due 50% More Info > Accounts Receivable Ending Balance 543,200 Allowance for Uncollectible Accounts 119,000 Unadjusted Ending Balance Print Done