Chapter 8 NWP Asses WileyPLUS Hilbidienye... Forget Pass.. Customer S. (4,984 une How to Che... Zenith Bank ter 8 assignment Question 2 of 3 0.67/2 View Policies Show Attempt History Current Attempt in Progress Marx Ltd. has an Accounts Receivable amount of $365,200 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8,700 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Total Accounts Receivable $260,000 47.900 34,100 23,200 $365.200 Estimated Percentage Uncollectible 2% 10% 30% 50% (a) Your answer is correct. Prepare an aging schedule to determine the total estimated uncollectibles at March 31. Question 2 of 3 Your answer is correct. Prepare an aging schedule to determine the total estimated uncollectibles at March 31. Age of Accounts Amount % Estimated Uncollectible 0-30 days $260,000 2% $ $200 31-60 days 47.900 10% 4790 61-90 days 34,100 30% 10230 Over 90 days 23,200 50% 11600 $ 31820 eTextbook and Media List of Accounts Attempts: 1 of 15 (b) Attempts: 1 of 15 used (b) Prepare the adjusting entry at March 31 to record bad debts expense. (List all debit entries before credit entries. Credit account titles are automatically indented when 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 Mar. 31 Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit