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Ingles Company has Accounts Receivable of $93,100 and the Allowance for Doubtful Accounts has a credit balance of $1,200 on March 31. An analysis of

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Ingles Company has Accounts Receivable of $93,100 and the Allowance for Doubtful Accounts has a credit balance of $1,200 on March 31. An analysis of the A/R Subsidiary Ledger determined how long each account had been outstanding. It shows the following amounts in the following time periods. Based on historical data for the company, we have also determined the usual percentage of uncollectible account which normally occur when an account has been ourstanding for the periods shown. a) Determine the total estimated uncollectibles using the Aging Method. b) Prepare the Adjusting Journal Entry required on March 31 based on this information

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