Blue Skies Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectibility is (a 7 percent. (6) 12 percent, and () 33 percent, respectively. At December 31, 2014 (end of the current accounting year), the Accounts Receivable balance was $54,800, and the Allowance for Doubtful Accounts balance was $1,010 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2014, follow: Credit Date 3/11/2013 6/30/2013 1/312014 B. Brown Account Receivable Explanation Debit Sale 14,500 Collection Collection Balance 14,500 11,200 6,900 3,300 4,300 Credit Date 02/28/2014 04/15/2014 11/30/2014 D. Donalds-Account Receivable Explanation Debit Sale 21,100 Collection Collection Balance 21,100 13,900 9,100 7,200 4,800 N. Napier-Account Receivable Explanation Debit Sale 10,000 Collection Date 11/30/2014 12/15/2014 Credit Balance 10,000 8,900 1,100 Credit Balance 4,500 4,500 Date 03/02/2012 04/15/2012 09/012013 10/15/2013 02/01/2014 03/01/2014 12/31/2014 S. Strothers-Account Receivable Explanation Debit Sale 4,500 Collection Sale 9,700 Collection Sale 22,900 Collection Sale 2.600 3,300 9,700 6,400 29,300 22,500 25,100 6.800 T. Thomas-Account Receivable Explanation Debit Sale 4,800 Date 12/30/2014 Credit Balance 4,800 Required: 1. Compute the total accounts receivable in each age category. Amount Not yet due Up to one year past due More than one year past due 2. Compute the estimated uncollectible amount for each age category and in total. Amount Not yet due Up to one year past due More than one year past due Total $ 0 Journal entry worksheet