Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis Days. Past Due Accounts receivable Percent uncollectible Total $132,500 $85,000 1X 1 to 30 $23,000 31 to 60 $ 9,500 61 to 90 $ 6,500 6% Over 90 $ 8,500 103 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1.500 credit Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Percent receivable uncollectible (%) Not due 1 to 30 X 31 to 60 X 61 to 90 Over 90 Estimated balance of allowance for uncollectibles 5 0 Req 2 > Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,500 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 1 Record entry Clear entry View general journal