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Exercises 1. The following accounts receivable information pertains to Rockman Inc. Accounts Receivable Total Percentage Uncollectil Past-Due Category 0-30 days 31-90 days Over 90 days

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Exercises 1. The following accounts receivable information pertains to Rockman Inc. Accounts Receivable Total Percentage Uncollectil Past-Due Category 0-30 days 31-90 days Over 90 days $84,550 32,230 22,170 8% 16% 37% Estimate the allowance for doubtful accounts for Rockman Inc. based on the aging of receivables information above, and record the year-end adjusting journal entry for bad debt

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