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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $185, eee Days Past

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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $185, eee Days Past Due 1 to 30 31 to 60 61 to 90 $38,000 $17,000 $14, eee 2x $100,000 1% Over 90 $16,eee 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 $3,000 credit. Answer is not complete. 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: 80.000 3 X 1% $ 800 1 to 30 18.000 29- 300 31 to 00 30.000 5% 3 - 1.800 01 to 00 18.000 3 7% 3 - 1.200 Over 00 30.000 x 10% - 3.000 Estimated balance of allowance for uncollectibles $ 7.220 debit X Reg 2 > Prou Navt Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $185,000 $100,000 13 1 to 30 $38,000 31 to 60 $17, eee 61 to 90 $14,000 Over 90 $16,000 10% 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 $3,000 credit. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $3.000 credit. NO Date General Journal Debit Credit

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