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please show work and make sure the answer is correct. please show work. help me please. and thank you Problem 8 (20 Points) The Killers

please show work and make sure the answer is correct. please show work. help me please. and thank you image text in transcribed
Problem 8 (20 Points) The Killers Pesticide Company had a $700 credit balance in Allowance for Doubtful Accounts at December 31, 2015, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts $100,000 1% 1-30 days past due 30,000 4% 31-60 days past due 20,000 6% 61-90 days past due 12,000 12% Over 90 days past due 6.000 30% Total Accounts Receivable $168.000 Instructions: YOU MUST show your work to receive full credit. (a) Determine the amount to recognize as bad debt expense on December 31, 2015, (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $400 debit balance before the current year's provision for uncollectible accounts What is the amount of bad debt expense to recognize for the year (c) What is the amount that is reported as the net balance for Accounts Receivable as of December 31, 2015

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