P8.8A (LO 1, 2, 4) AP Presented below is an aging schedule for Kimler Company on December 31, 2021. Kimler sells all of its goods on account with terms n/30. Record bad debt expense and show balance sheet presentation. Number of Days Past Due Customer Total Not Yet Due 1-30 31-60 61-90 Over 90 Akers $ 20,000 $ 9,000 $11,000 Barrett 30,000 $ 30,000 Corner 50,000 15,000 5,000 $30,000 De Jong 38,000 $38,000 Other 126,000 92,000 15,000 13,000 6,000 $264,000 $137,000 $29,000 $24,000 $30,000 $44,000 Estimated percentage uncollectible 2% 5% 10% 24% Total estimated bad debts At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,000. Instructions a. Using the above aging schedule, determine the total estimated uncollectible accounts at December 31, 2021. b. Prepare the adjusting journal entry to record bad debt expense. c. Show how accounts receivable would be presented on the balance sheet on December 31, 2021. 50% Taking It Further If Kimler's credit manager increases of its customers, will that eliminate the bad debts? Explain. amount of credit checking the company does before granting credit on all