Connect Homework [due Day 7] i Accounts receivable Percent uncollectible Saved Help Total $670,000 $416,000 0 $110,000 1 to 30 31 to 60 $56,000 61 to 90 Over 90 $38,000 $50,000 3% 4% 7% 9% 12% Exercise 9-8 Aging of receivables method LO P3 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2,100 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Not due: 1 to 30: Accounts Receivable Percent Uncollectible (%) = = 31 to 60: = 61 to 90: Over 90: = Estimated balance of allowance for uncollectibles