Presented below is information related to the Accounts Receivable accounts of Wildhorse Inc. during the current year 2025. 1. An aging schedule of the accounts receivable as of December 31, 2025, is as follows. Age Under 60 days 60-90 days 91-120 days Over 120 days Net Debit Balance $170,200 136,100 39,200 23,300 $368,800 % to Be Applied after Correction Is Made 2% 3% 5% $3,900 definitely uncollectible; estimated remainder uncollectible is 23% *The $3,500 write-off of receivables is related to the 91-to-120 day category 2. The Accounts Receivable control account has a debit balance of $368,800 on December 31, 2025. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to

Presented below is information related to the Accounts Receivable accounts of Wildhorse inc during the current year 2025 . 1. An aging schedule of the accounts receivable as of December 31,2025 . is as fnllowic The $3,500 write-off of receivables is related to the 91 -to-120 day category 2. The Accounts Receivable control account has a debit batance of $368,800 on December 31,2025. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on D 2. The Accounts Receivable control account has a debit balance of $368,800 on December 31,2025 . 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credit for $3,50 o on November 3, 2025, and a debit to Allowance for Doubtful Accounts because of a bankruptcy. 4. Allowance for Doubtfui Accounts is as follows for 2025 . 5. A credit balance exists in Accounts Receivable (60-90 days) of $4,500, which represents an advance on a sales contract. Assuming that the books have not been closed for 2025 , make the necessary correcting entrios. (Round answers to o decimal places, e.s. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.) Assuming that the books have not been closed for 2025 , make the necessary correcting entries. (Round answers to 0 decimal ploces, e.s. 5,275, If no entry is remuired, select "No Entry" for the account tttes and enter of for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)