eporting Uncollectible Accounts and Accounts Receivable (FSET) aFond Company analyzes its accounts receivable at December 31 and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % Current (not past due) $450,000 0.50% -30 days past due 162,000 1% 1-60 days past due 36,000 2% 61-120 days past due 19,800 5% 121-180 days past due 10,800 10% ver 180 days past due 7,200 25% Total accounts receivable $685,800 t the beginning of the fourth quarter, there was a credit balance of $7,830 in the Allowance for Uncollectible Accounts. During the fourth quarter, LaFond Company wrote off $6,894 in receivables as uncollectible. What amount of bad debts expense will LaFond report for the year? $ What is the balance of accounts receivable that it reports on its December 31 balance sheet? $ Report (1) the write-off of accounts receivable as uncollectible and (2) bad debt expense calculated in part a using the financial statement effects template. Jote: Use negative signs with your answers, when appropriate. Balance Sheet Income Statement Cash Noncash Contra Contributed Earned Net Transaction Asset Assets Assets Liabilities + Capital Capital Revenues Expenses Income . Write-off of uncollectible accounts. 2. Recognize bad debts expense