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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $115,200

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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $115,200 0 seo,000 13 1 to 30 $18,000 3% 31 to 60 61 to 90 Over 90 $7,200 $4,000 $6,000 5% 33 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. Req 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% 1 to 30 31 to 60 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles = $ HA Reg 2

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