fx 5% Num B 1 Aging Receivables D F G H Wright Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. 2 3 4 9 10 Days Past Due 5 Total 01-30 31-60 61-90 6 Accounts receivable over 90 645,500 411,000 105000 7 Percent uncollectible 51500 33,000 45000 1% 2% 5% 7% 10% 8 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,100 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,600 debit. 11 12 13 Percent Accounts Uncollectible % Receivable 14 (%) 15 Not due: 16 1 to 30 17 31 to 60 18 61 to 90 19 Over 90 credit Estimated balance of allowance for uncollectibles =debitor credit? 20 Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,100 credit. 22 Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,600 debit. No Date General Journal 23 24 25 26 27 28 29 30 Debit Credit 1 2 31 32 33 34