Assume that Vertical Drop, Inc. has a beginning of the year balance in Allowance for Doubtful Accounts of $3300. On March 31, the following events occured related to accounts receivable:

(a) Record the write-off of $1750 of accounts receivable due from customers.

(b) After recording (a) above, the following aging schedule of accounts receivable is provide. Prepare the year-end adjusting journal entry for bad debts using the allowance method, using the percentage of receivables basas from the aging schedule.

	Accounts Receivable	Estimated Percentage Uncollectible	Estimated Uncollectible Amount
Current Accounts	$20,000	1%
1-30 days past due	9000	4%
31-60 days past due	3000	10%
61-90 days past due	2500	40%
Over 90 days past due	500	90%
Totals	$35,000