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Marial's Vertical/Horizontal Up Down Sileways Company had the following Information regarding the aging of thelr accounts receivables: Aae Cateacrias A imininicin. d uncollectible The allowance

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Marial's "Vertical/Horizontal Up Down Sileways Company" had the following Information regarding the aging of thelr accounts receivables: Aae Cateacrias A imininicin. d uncollectible The allowance foc doubtful accounts has a credit balance of $900 prior to this yoar's adjustment a) Calculate the total amount of estimaled bad debt b) Prepare the journal using the above information to record the bad debt exponse for the year c) Propare the journal entries for the following: 1) The company decides to write off a $750 account of a customer who has gone bankrupt . 2) The company receives a $300 check from the customer that they wrote off in Part C d) Assume now that it is the end of the next year. The compeny at that fime has a debit balance of $950 in the allowance for doubtful accounts. The aging of accounts recelvables indicates that the folal balanco for the allowance account should be $14,200

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