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Days Past Due Total $595,808 $401,808 $95,808 $41,ee8 $23,88 $35,808 1 to 30 31 to 68 61 to 96 Over 9 Accounts receivable Percent uncollectible
Days Past Due Total $595,808 $401,808 $95,808 $41,ee8 $23,88 $35,808 1 to 30 31 to 68 61 to 96 Over 9 Accounts receivable Percent uncollectible 3% 4% 9% 12% Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to stimate uncollectibles, instead of the aging of receivables method. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the llowance for Doubtful Accounts is a $12,500 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the llowance for Doubtful Accounts is a $1,500 debit. Complete this question by entering your answers in the tabs below Req Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. stimated balance of allowance for uncollectibles ReqA credit debit
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