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Munchies Imports prepared the aging schedule below at December 31. Complete the following aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total
Munchies Imports prepared the aging schedule below at December 31. Complete the following aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 0-30 days $ $403,000 1% 31-60 days 115,000 5% 61-90 days 65,000 10% Over 90 days 43,000 19% Total $ $626,000 e Textbook and Media Prepare the adjusting journal entry at December 31 to record bad debts expense, assuming that the allowance account has a credit balance of $3,510. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit Dec. 31 Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media Prepare the adjusting journal entry at December 31 to record bad debts expense, assuming that the allowance account has a debit balance of $5,480. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media
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