f.edu/courses/1366043/quizzes/2007939/take Question 30 4.75 pts The Tigers need to record a journal entry to estimate their bad debt expense for the period. The A/R aging shows a total of $750,000 in Accounts Receivable, which is broken down as follows in age: $500,000 is 0 - 30 days old: $200,000 is 31 - 60 days old, and $50,000 is over 60 days old. Under the aging of receivables approach for estimating bad debt expense, the Tigers expect the following uncollectible %s: 1% of the A/R that is 0 - 30 days old: 15% of the A/R amounts 31 - 60 days old, and 20% of the A/R amount past due for more than 60 days. The Allowance for Uncollectible /R account currently has a beginning debit balance of $1,000. What amount will be credited to the Allowance for Uncollectible A/R account for this journal entry Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc. just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123 U Question 31 4.75 pts When inventory prices are increasing, the FIFO inventory costing method will yield a GROSS PROFIT that is higher than the gross proft under the LIFO method. O equal to the gross profit under the LIFO method. O equal to the cost of goods sold under the LIFO method