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EB7.9.2 The following accounts receivable information pertains to Envelope Experts. Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $39,540 23,280

EB7.9.2 The following accounts receivable information pertains to Envelope Experts. Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $39,540 23,280 14,630 Percentage Uncollectible 10% 26% 42% Determine the estimated uncollectible bad debt from Envelope Experts using the balance sheet aging of receivables method, and record the year-end adjusting journal entry for bad debt.

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