Peach Company completed an aging of their accounts receivable and came up with an estimated amount of $6,342. The credit sales for the period are $85,000. The balance in the Allowance for Doubtful Accounts is a credit of $817. If Peach uses 5% of credit sales as their estimation for uncollectible accounts

:1) How much will the credit be to the Allowance for Doubtful Accounts?

2) How much will be the balance to the account be?

Timber Company has given you the following information from its aging of accounts receivable. Using this information below, determine the ending balance of the allowance for doubtful accounts. And prepare the journal entry to record the bad debt.The current amount in the allowance for doubtful accounts is a $958

Current	$24,400	2% uncollectible
31-60 days	7,350	8% uncollectible
1-90 days	3,380	15% uncollectible
91 and up	1,220	30% uncollectible