COMPUTER ASSIGNMENT Mountain Gear Inc. has the following accounts receivable : Total Accounts Receivable: 450,000 After an analysis of their receivables, MountainGear has determined the following aging: Of the total amount, $450,000: AGING 35% is current 20% is 31-60 days past due 15% is 61-90 days past due 10% is 91 - 120 days past due 8% is 121-150 days past due 7% is 151-180 days past due 5% is over 180 days past due % UNCOLLECTIBLE 8% 12% 22% 35% 52% 55% 65% REQUIRED: 1. Based on the above information, prepare an aging schedule and determine the amount of uncollectible accounts. 2. Prepare a journal entry to record the uncollectible amount assuming there is no balance in the allowance for doubtful accounts. 3. Now assume that there is a debit balance of $1,250 in the allowance for doubtful accounts. Prepare the appropriate journal entry for the uncollectible amount