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Short Term Orting Assets Cash and Receivables 491 0 P9-5. Bad Debt Expense. Aging of Accounts Receivable Write Off, Joumal Entry. Cho Sportswear, Lid, develops an aged schedule of accounts receivable at the end of each year. Cho Sportswear: Aged Schedule of Accounts Receivable Past Due 31-40 Over 90 Customer Current Days Days Days Days Totals Ryoko Design $ 100.000 $ 23,800 $ 123 800 Associates Marcy Fashons, Inc 657.000 198.000 $78,000 931.000 Conroy Cothing $456.000 1.245.412 Lee Womensware 237.200 10.250 54,570 349 200 651200 Bauer Brands, Lid. 100230 76.770 19.000 237,536 Total 511004.430 530.00 $130,570 5 846.788 $808.412 53.189 000 The company estimated an slowance for uncolectible accounts bas se following estimates Aging Category Allowance Provided Curent 5% 1 30days past due 31-60 days past de 61 days past de Over 90 days past due 80 The percentages are applied after a specific rev ew of all accounts in these aging categores After a specic review of the company's accounts receivable. Cho's credit manager decided to provide a allowance against al Bauer Brands balances thatare more than 60 days past. The percentage aliowance is applied to the 61 90 days and over 90 days past due aging categolies only after deducting the balances due from Boer Brands Cho reported net credt sales $45.000.000 forthe current year we present the company's ending balances of accounts receivable and the lowance for uncollectible accounts Accounts Receivable 3.18000 End Balance Allowance for Uncollectible Accounts 348 810 Unadjusted Ending Baance Required a. Compute the balance required in the allowance foruncolectible accounts atyear-end. Round up to the nearest b Prepare the journal entry to record the bad debt provision for the current year c. Independent of your answer to part prepare the journal emry to record the bad debt provision for the current your assuming that the lowance for collect ble accounts had a SBLM) debit balance d. In the following year. Cho's credit management decided to write of all accounts that were over 90 days pastor. Prepare the journal erty Aher the write ots recorded in pard) assume that Conroy Clothing pays the entire balance due Pro pare the journal entries required to record the subsequent recovery of the Conroy Clothing receivables