Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Total $115,200 Days Past Due 1 to 30 31 to 60 61 to 90 $18,000 $ 7,200 $4,000 38 58 88 0 $80,000 10 Accounts receivable Percent uncollectible Over 90 $6,000 11% 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 $1,000 credit Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 credit. Journal entry worksheet 1 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,000 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Record entry Clear entry View general journal