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At June 30, Kokomo Ltd. prepared the following aging schedule: (a1) Your answer is correct. Complete the following aging schedule. Number of Total Estimated Estimated

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At June 30, Kokomo Ltd. prepared the following aging schedule: (a1) Your answer is correct. Complete the following aging schedule. Number of Total Estimated Estimated % Accounts Days Outstanding. Uncollected Accounts. Uncollectible. Recelvable. 14400 0-45 days. 2% $720,000 15780 46-90 days. 6% 263,000 19210 Over 90 days 17% 113,000 49390 Total. $1,096,000 (b) Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Kokomo's allowance for doubtful accounts had a debit balance of $8,930 instead of a credit balance. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit June 30

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