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Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $ 181,500 Days Past

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Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $ 181,500 Days Past Due 2 to 60 $ 16,500 58 61 to 90 $ 13,500 81 over 90 $ 15,500 111 1 to 30 $ 99,000 $ 37,000 10 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 $2,900 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 Percent Estimated receivable uncollectible (1) Uncollectible Not due 1 to 30 31000 61 to 10 Over 50 Estimated balance of allowance for uncollectibles $ 1 Required 2 > 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 $2,900 credit View transaction list Journal entry worksheet

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