GS 9-10 (Algo) Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Days Past Due Total 0 1 to 30 31 to 60 61 to 90 Over 90 Accounts $ $ $ $ $ $ receivable 167,500 95,000 33,000 14,500 11,500 13,500 Percent uncollectible 10 49 6 108 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $2,500 credit. 20 Complete this question by entering your answers in the tabs below. Required Required 1 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Percent Estimated receivable * uncollectible Uncollectible (%) Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles Required 1 Required 2 > 1111111111