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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Total 1 to 30 31 to

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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Total 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $178,000 $98,000 $36,000 $16,000 $13,000 $15,000 Percent uncollectible 14 39 54 84 116 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 $2,800 credit Complete this question by entering your answers in the tabs below. Reg 1 Req 2 11 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: 31 to 60: x 61 to 90: X Over 90: X Estimated balance of allowance for uncollectibles X 11 ## Reg 2 > 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 $2,800 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 $2,800 credit. View transaction list Journal ently worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,800 credit balance. Note: Enter debits before credits General Journal Debit Credit Date Dec. 31

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