Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Days Past Due Total $ 115,200 0 1 $ 80,000 to 30 $ 18,000 31 to 60 $ 7,200 61 to 90 $ 4,000 Over 98 $ 6,000 1% 3% 5% 8% 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. Required 1 Required 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts receivable Percent uncollectible (%) Estimated Uncollectible Not due: 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles Required 2 > 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. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry Alout