Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $ 115,200 0 $ 80,000 1 to 30 $ 18,000 Days Past Due 31 to 60 61 to 90 $ 7,200 $ 4,000 Over 90 $ 6,000 18 38 58 81 114 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 Accou is a $1,000 credit. Answer is not complete. 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 $ 82,000 x 1 to 30: 33,000x 1% 3%- S 820 990 31 to 60: 14,500x 5% = 725 61 to 90: 11,500 M 8% - 920 Over 90: 13,500x 11% 1,485 Estimated balance of allowance for uncollectibles $ 4,940 < Previ 30 of 76 Next >