An aging analysis of Pembina Limited's accounts receivable at December 31, 2018 and 2017, showed the following: Accounts Receivable Number of Days Outstanding Estimated Percentage Uncollectible 2018 2017 0-30 days $300,600 $317,400 3% 31-60 days 63,500 114,900 6% 61-90 days 86,500 75,600 12% Over 90 days 129,900 50,300 24% Total $580,500 $558,200 Additional information: 1. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,100. 2. In 2018, $42,100 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2017 and 2018. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec. 31, 2017: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts ta $ 0-30 days 9522 $317,400 3% 114,900 6894 31-60 days 6% 9072 61-90 days 75,600 12% 12072 Over 90 days 50,300 24% ta $ Total $558,200 37560 Total estimated allowance balance at Dec. 31, 2018: Total estimated allowance balance at Dec 31, 2018: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts TA 0-30 days $300,600 3% $ 9018 3810 31-60 days 63,500 6% 10380 61-90 days 86,500 12% 31176 Over 90 days 129,900 24% ta $ 54384 Total $580,500 Record the adjusting entry relating to bad debts on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Bad Debts Expense 9100 Allowance for Doubtful Accounts 9100 Record the write off of uncollectible accounts in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Bad Debts Expense 55724 Allowance for Doubtful Accounts 55724 Record the collection of accounts previously written off in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To reverse write off of account receivable) Prepare the adjusting entry relating to bad debts on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Calculate the carrying amount of Pembina's accounts receivable at December 31, 2017 and 2018. 2018 2017 TA $ Carrying amount
