Bookmarks ple Window Help ow.comfilrm/ t/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator assignment-take&inprogress-false Entry for Uncollectible Accounts Easy Rider International is a wholesaler of motorcyle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 1-180 days past due Percent $1,687,500 50,000 112,500 50,000 25,000 12,500 $2,637,s00 2% 18 so 81 s) over 180 days past due Assume that the allowance for doubtful accounts for Easy Rider International had a negative balance of $(35,430) as of December 31, 20Y3 mustrate the effects of the adjustment for unelectible accounts as e, December 3, 20on the accounts and feancial statement Ir no account or activity is affected, select "No effect from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts Dalance Sheet Statement of 8 more Check My Work uses remaining 31 MacBook Ai Boakmarks le Window Heip 0. w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssig cator assignment-take&inprogress false Print em Assume that the alowance for doubeful accounts for Easy Rider International had a negative balance of $(35,430) as of December 31, 20Y3. Illustrate the effects of the adjustment for uncollectible accounts as of December 31, 20Y3, on the accounts and financial statements. Ir no account or activity is affected, select "No effect from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts Balance Sheet Statement of Liabillities Stockholders' Equity ul accounts v' No effectv' No effect + Retained earnings + Dec. 31 of Cash Flows Income Statement NO effect Bad debt under the analysis of recevables method, Alowance for D trd Accounts is the focus of the estimation process. The amount of the sting entry is the amount thet will yield an adjusted balance for Allowance for Doubtful Accounts equal to that estimated by the aging schedule. unadjusted balance of the allowance account has a debit amount, this will be added to the estimated doubtful account estimate, and if the unadjusted balance has a credit amount, it will be subtracted from the estimated doubtful account estimate to determine the adjustment So, if the Check My Work 8 more Check My Work uses remaining Previous 31 MacBook Air