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Net Zero Products, a wholesaler of sustainable raw materials, estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of

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Net Zero Products, a wholesaler of sustainable raw materials, estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Pant Due o $99,000 count Tercent Total $191,500 cevable collectible to 30 $37,000 31 to 60 $16,500 61 to 90 $13,500 over 90 $15,500 a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2,900 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $290 debit. Complete this question by entering your answers in the tabs below. Rega Red Band Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Estimated balance of allowance for douter accoun Ray Band > Allowance of UBUDUU ALLUNS 15 LU UCUIL View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,900 credit balance Note: Enter debits before credits General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Rega

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