An aging of Sernett Company's accounts receivable at the end of 2012 yielded the following information about the lengths of time that the receivables had been outstanding:

The balance in the Allowance for Doubtful Accounts before adjustments was $310. Based on the preceding information, a) What should be the balance in the Allowance for Doubtful Accounts after the adjusting entry? b) What is the amount of uncollectible accounts expense that should be reported on the income statement?

Amount of receivablesNumber of days past due Percent that is expected to be uncollectible 1% 3% 5% $74,200 Current 18,500 0-30 days past due 9,200 31-60 days past due 7,700 | More than 60 days past due | 15%