MarinMerchandising uses an aging schedule to determine its estimated uncollectible accounts at year end.The percentage estimates of bad debts are as follows:

MARINMERCHANDISING

Aged Schedule of Accounts Receivable

No. of DaysOutstanding Amount Estimated % Uncollectible

0-30 days $61,500 0.55%

31-60 days 26,200 5.35%

61-90 days 11,600 21.00%

Over 90 days 4,800 49.00%

$104,100

Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations:

The Allowance for Doubtful Accounts has an unadjusted $1,790debit balance and the company uses the aging schedule to determine estimated uncollectible accounts.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.)

MARINMERCHANDISING

Aged Schedule of Accounts Receivable

Number of Days

Outstanding Amount Estimated %Uncollectible EstimatedUncollectibleAccounts

0-30 days $61,500 0.55% $

31-60 days 26,200 5.35%

61-90 days 11,600 21.00%

Over 90 days 4,800 49.00%

$104,100

The Allowance for Doubtful Accounts has an unadjusted $1,790credit balance and the company uses the aging schedule to determine estimated uncollectible accounts.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.)

The Allowance for Doubtful Accounts has an unadjusted $1,790debit balance and management estimates that6% of accounts receivable will be uncollectible.(Credit account titles are automatically indented when the amount is entered.Do not indent manually.)