Complete the table to determine the Baddebt Expenses for the period.

Villanueva, Inc. is a supplier of supplies. The following is the status of accounts receivable ("Aging")

Maturity Intervals	Balance	Percent	Amount
Non pastdue	345,000.00	2%
1- 30 days	96,000.00	4%
31-60 days	27,000.00	9%
61-90 days	22,000.00	15%
91-180 days	7,300.00	60%
Over180 days	5,500.00	85%
Totals

Assuming a credit balance of $3,050.00 on the counter account. (Allowancefordoubtfulaccounts.) How much should we affect the account? Determine the net realizable value after adjustment. Prepare the entries for the period adjustment.