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 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. Days PD 1-30 $18,000 3% Acc. Rec. % Uncollected Total $115,200 0 $80,000 1% 31-60 $7,200 5% 61-90 $4,000 8% Over 90 $6,000 11%

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 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