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Complete this question by entering your answers in the tabs below. Estimate the amount of uncollectible receivables. Note: Round your answers to 1 decimal place.

image text in transcribedComplete this question by entering your answers in the tabs below.

Estimate the amount of uncollectible receivables. Note: Round your answers to 1 decimal place.

Age group Estimated Amount Uncollectible
Not yet due
1 to 60 days past due
> 60 days past due
Total $0.0

Assume the balance of Allowance for Uncollectible Accounts prior to year-end adjustment is $2,173 (positive). Determine the amount of the adjustment needed to Allowance for Uncollectible Accounts.

Account Amount of Adjustment
Allowance for Uncollectible Accounts

Calculate net accounts receivable reported in the balance sheet. Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.

Accounts Receivable
Less: Allowance for Uncollectible Accounts
Net Accounts Receivable $0
  • What amount of bad debt expense is reported in the income statement. Note: Round your answer to the nearest whole dollar amount.

Bad debt expense

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