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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $18,000. What is the adjusting entry for the accrued

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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $18,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Days Past Due Accounts receivable Percent uncollectible Total $570,000 $396,000 18 1 to 30 $90,000 28 31 to 60 $36,000 58 61 to 90 $18,000 78 Over 90 $30,000 108 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $100 debit. Complete this question by entering your answers in the tabs below. Reg A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts receivable Percent uncollectible (%) Not due X 1 to 30 X 31 to 60 X 61 to 90 Over 90 X Estimated balance of allowance for uncollectibles

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