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of YORK U MY COURSES INSTRUCTOR SUPPORT STUDENT SUPPORT O SWITCH THEME Kirti Hooda Path:p Toronto Inc, had $1.85 million in credit sales during the

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of YORK U MY COURSES INSTRUCTOR SUPPORT STUDENT SUPPORT O SWITCH THEME Kirti Hooda Path:p Toronto Inc, had $1.85 million in credit sales during the current year. The balance of the allowance for doubtful accounts at Dec 31 is 51,750 debit on Dec 31. Calculate the bad debt expense estimate for the current year using the aging of accounts receivable data given below as of Dec 31. Also write the journal entry to record the bad debt experise. Account Classification Amount Estimated % Uncollectible Amount Uncollectible 196 2.5% 1-30 days 31-60 days 61.90 days Over 90 days $280,000 150,000 75.000 26,000 6% 20% Paragraph Fonte Font family BI SE O E -ch

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