Macaron Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Macaron's partial aging schedule at the end of July: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible 0-30 days $748,000 2% 31-60 days 326,000 5% 61-90 days 104,000 12% Over 90 days 81,000 24% Total $1,259,000 The unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,490.