Pharoah Company has accounts receivable of $193,000 at September 30, 2024. An analysis of the accounts shows the following:

Month of Sale		Balance
September			$136,000
August			29,000
July			16,000
April, May, and June			12,000
			$193,000

Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,700 debit. The company uses an aging schedule to estimate uncollectible accounts. The companys percentage estimates of bad debts are as follows:

Number of Days Outstanding		Estimated % Uncollectible
030			1%
3160			10%
6190			25%
Over 90			60%

(a)

Prepare an aging schedule to determine the total estimated uncollectible accounts at September 30, 2024.

Age of Accounts		Amount				%				Estimated Uncollectible
0-30 days outstanding			$136,000				1%			$1,360
31-60 days outstanding			29,000				10%			$2,900
61-90 days outstanding			16,000				25%			$4,000
Over 90 days outstanding			12,000				60%			$7,200
										$15,460

Question Part Score

10/10

(b)

What is the carrying amount of the accounts receivable at September 30, 2024?

Carrying amount

$193,000

Question Part Score

0/3

(c)

Prepare the adjusting entry at September 30 to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

Date	Account Titles	Debit	Credit
Sept. 30	Bad debt expense	$17,160
	Allowance for Doubtful Accounts		$17,160

**I ONLY NEED HELP WITH QUESTION B, THATS THE ONLY ONE I DON'T UNDERSTAND! I GOT EVERYTHING ELSE CORRECT!!**