bl Casey Inc. has $500,000 in Accounts Receivable and estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging o receivables analysis: int Percentage Uncollectible Not yet due 1 to 30 days past due 31 to 60 days past 61 to 90 days past Over 90 days past Amount of Receivable $300,000 $120,000 $50,000 $20,000 1% 2% 10% ue 60% ue Estimate the balance of the Allowance for Doubtful Accounts on December 31 using the aging of accounts receivable method. Use the space above for your computation. a. b. Prepare the adjusting journal entry to record the bad debts expense using the estimate from part (a). Assume the UNADJUSTED balance in the Allowance for Doubtful Accounts is a $7,000 CREDIT. Prepare the adjusting journal entry to record the bad debts expense using the estimate from part (a). Assume the UNADJUSTED balance in the Allowance for Doubtful Accounts is a $3,000 DEBIT. c. d. Show how the balance sheet would look for Accounts Receivable and the Allowance for Doubtful Accounts on December 31, after adjustment