Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Days Past Due 31 to 60 $ 12,500 Accounts receivable Percent uncollectible Required 1 Required 2 x Complete this question by entering your answers in the tabs below. X Total $ 153,500 Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles X 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 $2,100 credit. X 0 $ 91,000 X X Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts receivable Estimated Uncollectible Percent uncollectible (%) = 1% = 1 to 30 $ 29,000 = 2% Required 1 4% 61 to 90 $ 9,500 Required 2 > 6% Over 90 $ 11,500 10%

Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. 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 Doubtf Accounts is a $2,100 credit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recelvable method. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubt $2,100 credit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,100 credit balance. Note: Enter deblts before credits