Ch 8 Problem 34 Bad Debt Aging View AutoSaveFF AES Home Insert Draw Page Layout Calibri (Body) 12 Peste 3 B I U 2 c30 x fx Formulas AA A Data = E Review = = 2 Wran Text Merge & Center Number $ % Share Comments EED E27-O 43 cell Insert Delta Format Sort Kind & Ideas Styles X Filter Select & Conditional Formet Formatting as Table 1 Conroe Company uses the Aging of Accounts Recalvable Method to calculate their accruel of Bad Debt Expense 2 Using the data belon, calculate the amount af Bad Debt Expense Adjustment necded. Use the bad debt information 3 from problem 32. Prepare the necessary Journal entries to record these transactions debit/credit! Manth of January 2016 Total A/R Open A/R Aging - Days Outstanding 3 1-60 | 61-90 Over 90 Begin: Allow Bad Debt fer Bad Debil Write-On! C-30 Bad Debt Expense End: Allow For Bad Debt 94,000 2% 35,000 5% 15,000 10% 5,000 20% 150,000 9 A/R Balance 10 Rate 11 Allaw. For 12 Doubtful Acets 15,000 A/R Aging Days Outstanding 3 1-60 61-90 Over 90 Month of February 2016 Tatal A/R Beginc Allow Bad Debt Open for Bad Debel Write-off Bad Debt mense End: Allow. for Bad Debt 17 0-30 130,000 2% 35,000 5% 15,000 10% 5,000 20% 185.000 19 A/R Balance 20 Rate 21 Allaw. For 22 Doubtful Accts 24 25 Show the journal entries needed to record the infomation. 41 Sheet1 + # E - 100%