At June $30,$ Laramie Ltd$.$ prepared the following aging schedule:

$($a$)$

Your answer is correct.

Complete the aging schedule.

Number of Days

Outstanding Accounts

Receivable Estimated $\%$

Uncollectible Total Estimated

Uncollected Accounts

$045$ days $$779,0002\%$ $enter a dollar amount

$15,580$

Correct answer

$4690$ days $265,0004\%$ enter a dollar amount

$10,600$

Correct answer

Over $90$ days $122,000$

$18\%$ enter a dollar amount

$21,960$

Correct answer

Total $$1,166,000$ $enter a total amount

$48140$

Correct answer

eTextbook and Media

List of Accounts

Attempts: unlimited

$($b$)$

Your answer is correct.

Prepare the adjusting journal entry to record bad debts expense at June $30$ assuming that Laramies allowance for doubtful accounts had a credit balance of $$12,650$ before adjustment. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

June $30$

enter an account title for the adjusting entry on June $30$

Bad Debts Expense

Correct answer

enter a debit amount

$35,490$

Correct answer

enter a credit amount

Correct answer

enter an account title for the adjusting entry on June $30$

Allowance for Doubtful Accounts

Correct answer

enter a debit amount

Correct answer

enter a credit amount

$35,490$

Correct answer

eTextbook and Media

List of Accounts

Attempts: unlimited

$($c$)$

Prepare the adjusting journal entry to record bad debts expense at June $30$ assuming that Laramies allowance for doubtful accounts had a debit balance of $$9,490$ before adjustment. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

June $30$

enter an account title for the adjusting entry on June $30$

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry on June $30$

enter a debit amount

enter a credit amount