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(Clat the kican to view the oging shedulo) Read the Requiremena 1. The conpany wants to use the allowance methd to estinate bad dobts. Assume

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(Clat the kican to view the oging shedulo) Read the Requiremena 1. The conpany wants to use the allowance methd to estinate bad dobts. Assume a zaro begiming bulance for Alowance for flad Dober Requirements 1. The company wants to use the allowance method to estimate bad debts. Determine the estimated bad debts expense under the following methods at June 30, 2025. Assume a zero beginning balance for Allowance for Bad Debts. Round to the nearest dollar. a. Percent-of-sales method, assuming 3% of credit sales will not be collected. b. Percent-of-receivables method, assuming 25% of receivables will not be collected. c. Aging-of-receivables method, assuming 15% of invoices 130 days will not be collected, 20% of invoices 3160 days, 30% of invoices 6190 days, and 60% of invoices over 90 days. 2. Journalize the entry at June 30,2025 , to adjust for bad debts expense using the percent-of-sales method. 3. Journalize the entry at June 30,2025 , to record the write-off of the Dia Daycare invoice. 4. At June 30, 2025, T-accounts for Accounts Receivable and Allowance for Bad Debts before Requirements 2 and 3 have been opened for you. Post entries from Requirements 2 and 3 to those accounts. Assume a zero beginning balance for Allowance for Bad Debts. 5. Show how Outdoor Adventure Company will report net accounts receivable on the balance sheet on June 30, 2025. Data table

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