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At June 30, Clinton Ltd. prepared the following aging schedule: Complete the aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated

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At June 30, Clinton Ltd. prepared the following aging schedule: Complete the aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 0-45 days $ $695,000 2% 46-90 days 270,000 4% Over 90 days 108,000 17% Total $ 1,073,000 $ Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Clinton's allowance for doubtful accounts had a credit balance of $ 12.270 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 for the amounts.) Date Account Titles and Explanation Debit Credit June 30 Question Part Score --/2 Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Clinton's allowance for doubtful accounts had a debit balance of $ 9,500 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 for the amounts.) Date Account Titles and Explanation Debit Credit June 30

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