Hi there,

Can you help me, please?

Can you show me the steps as well, please?

Thanks a lot

BE9-7 Kingston Co. uses the percentage-of-receivables basis to record bad debt expens It estimates that 1% of accounts receivable will become uncollectible. Accounts receivat are $420,000 at the end of the year, and the allowance for doubtful accounts has a crer balance of $1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $800 instead of a crex balance of $1,500, determine the amount to be reported for bad debt expense. Number of Days Past Due Not Yet Due 31-60 1-30 $ 300 61-90 $ 200 Over 90 $ 100 $ 300 Customer T. E. Adert R. C. Bortz B. A. Carl O. L. Diker T. O. Ebbet Others 200 $ 250 Total $ 600 300 450 700 600 36,950 $39,600 500 200 26,200 $27,000 5,200 $5,700 300 2,450 $3,000 1,600 $2,000 300 1,500 $1,900 Estimated Percentage Uncollectible 296 10% 20% 40% Number of Days Past Due Not Yet Due 31-60 1-30 $ 300 61-90 $200 Over 90 $ 100 $ 300 Customer T. E. Adert R. C. Bortz B. A. Carl O. L. Diker T. O. Ebbet Others 200 $ 250 Total $ 600 300 450 700 600 36,950 $39,600 500 200 300 5,200 2,450 26,200 $27,000 1,600 $2,000 300 1,500 $1,900 $5,700 $3,000 Estimated Percentage Uncollectible 4% 10% 20% 402 Required: Determine the total estimated uncollectible. Prepare the journal entry at June 30 to record bad debt expense.(Allocation b. method)