Instructed to use $100,000 for the bad debt of each period.

Chapter Twelve: Accounts Receivable/Notes Receivable Worksheet Directions: Complete the following estimation of bad debt expense using aging. Industry averages show that 97% of accounts receivable 0-30 days past due will pay, 88% of accounts receivable 31-60 days past due will pay, 50% of accounts receivable 61-90 days past due will pay, and 12% of accounts receivable 91 days past due and over will pay. The unadjusted allowance for bad debt is currently $17,000 debit. After completing the worksheet, create the journal transactions that would be included with process