On December 31, Josh's Co. allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Josh prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable		Age of Accounts Receivable	Expected Percent Uncollectible
$	900,000	Not yet due	1.35	%
	360,000	1 to 30 days past due	2.10
	72,000	31 to 60 days past due	6.60
	36,000	61 to 90 days past due	33.25
	14,400	Over 90 days past due	69.00

1A. Compute the required balance of the Allowance for Doubtful Accounts at December 31.

	Accounts Receivable		Percent Uncollectible (#.##%)		Estimated Uncollectible
Not Due		x		=
1 to 30		x		=
31 to 60		x		=
61 to 90		x		=
over 90		x		=
Estimated	balance		of allowance		for uncollectibles	$

1B. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.)

Record the estimated bad debts.

No	Date	General Journal	Debit	Credit
1	Dec 31