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Estimate Bad Debt - Balance Sheet Method (question 1 of 2) The following accounts receivable information pertains to Marshall Inc. Past-Due Category % A/R$ amount

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Estimate Bad Debt - Balance Sheet Method (question 1 of 2) The following accounts receivable information pertains to Marshall Inc. Past-Due Category % A/R$ amount Uncollectible 0-30 days 65,550 0.10 31-90 days 38,300 0.15 60-90 days 25,200 0.25 Over 90 days 15,100 0.50 | The unadjusted account balance for Allowance for Doubtful Account (ADA) is $2,000 on the credit side. Determine the estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of receivables method. Your Answer: Answer Estimate Bad Debt - Balance Sheet Method (question 2 of 2) The same scenario continues for the Marshall Inc... Based on the estimated uncollectible bad debt you've calculated in the last question, please record the year-end adjusting journal entry for bad debt (Note: the unadjusted account balance for Allowance for Doubtful Account (ADA) is $2,000 on the credit side.) 1. Allowance for Doubtful Accounts $24,150 2. Allowance for Doubtful Accounts $26,150 Debit

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