Marshall 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 Marshall's partial aging schedule at the end of July: Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total Accounts Receivable $710,000 335,000 104,000 80,000 $1,229,000 Estimated Percentage Uncollectible 2% 6% 11% 22% The unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,990. Your answer is correct. Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information. Number of Days Outstanding Accounts Receivable $710,000 Estimated Percentage Uncollectible Estimated Uncollectible Accounts 0-30 days 14200 2% 31-60 days 335,000 20100 6% 61-90 days 104,000 11% 11440 Over 90 days 80,000 17600 22% Total $1,229,000 63340 Prepare the adjusting journal entry to record the bad debts using the information determined above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Would your journal entry be different if the unadjusted balance in Allowance for Doubtful Accounts were a debit of $11,990? the bad debts expense would be $