Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $129,000 $ 84,000 1 to 30 $ 22,000 Days Past Due 31 to 60 6 to 90 $ 9,000 $ 6,000 Over 90 $8,000 IN 36 54 81 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 $1.400 credit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Not due Accounts receivable Percent uncollectible (%) W Estimated Uncollectible 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles $ 0 Accounts receivable Percent uncollectible Total $ 129,000 $ 84,000 1 to 30 $ 22,000 31 to 60 $ 9,000 61 to 90 Over 90 $ 6,000 18 38 59 8% $ 8,000 119 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 $1,400 credit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,400 credit. View transaction list Journal entry worksheet < 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,400 credit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credit