Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class.

	Days Past Due
	0	1 to 30	31 to 60	61 to 90	Over 90
Percent uncollectible	1%	3%	5%	8%	12%

Customer	Accounts Receivable	Days Past Due
BCC Company	$ 6,000	16
Lannister Company	3,000	0
Mike Properties	7,000	102
Ted Reeves	1,500	76
Jen Steffens	4,000	42

1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts.

Exercise 7-16 (Algo) Aging of Receivables Schedule LO P3 Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. 1 to 30 3% Days Past Due 31 to 60 5% 61 to 90 8% Over 90 12% Percent uncollectible 1% Days Past Due 16 Customer BCC Company Lannister Company Mike Properties Ted Reeves Jen Steffens Accounts Receivable $ 6,000 3,000 7,000 1,500 4,000 102 76 42 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Estimated balance for Allowance for Doubtful Accounts Required Required 2 > Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. 1 to 30 3% Days Past Due 31 to 60 5% 61 to 90 8% Over 90 12% Percent uncollectible 1% Days Past Due 16 Customer BCC Company Lannister Company Mike Properties Ted Reeves Jen Steffens Accounts Receivable $ 6,000 3,000 7,000 1,500 4,000 102 76 42 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. View transaction list View journal entry worksheet X R. No Date General Journal Debit Credit 1 December 31 Bad debts expense