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Northstar Corp had credit sales of $2,600,000 in 2014 Al year End, December 31, 2014 the company's Allowance for Doubtful Accounts had an unadjusted debit balance of $11.000 The accountant for Northstar Corp has prepared a schedule of the December 31, 2014 accounts receivable by age and on the basis of past experience, has estimated the percentage of the receivables in each age category that will become uncollectible This information is summarized as follows December 31, 2014 Age of Accounts Estimated Percentage Accounts Recenable Receivable Uncollectible $ 592 000 308,000 94.000 42,000 10,000 Not due (under 30 days) 1 to 30 days past due 31 to 50 days past due 61 to 90 days past due Over 90 days pasi due 1 25 % 2.10 750 30 25 68 25 a) Compute the amount that should appear in the December 31, 2014 balance sheet as the allowance for doubtful accounts Allowance for doubtful accounts = $ b) Prepare the journal entry to record bad debt expense for 2014 General Journal Page 1 Date Account Explanation F Debit Creat To record bad debt expense Question 4 (10 points)