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 Due01 to 3031 to 6061 to 90Over 90Percent uncollectible1%3%5%8%12%CustomerAccounts ReceivableDays Past DueBCC Company$ 5,60010Lannister Company2,6000Mike Properties6,600104Ted Reeves1,30080Jen Steffens3,60042

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 $260, record the required adjustment to the Allowance for Doubtful Accounts.