Problem 14-34 Objective: To complete an aging schedule, make the bad debts, and show accounts receivable on the balance sheet Case Company prepared the following aging schedule of its accounts necessary adjusting entry a December 31, 20x2: Percent Estimated to Be Uncollectible Age Category Nat yet due 31-90 days past due 91-120 days past due 121-180 days past due 181-365 days past due Over 1 year past due Balance $33.000 30,000 8,000 6.000 4,000 2.500 2% 4% 12% 27% 65% 90% Directions: 1. Calculate the rotal for each age group and the total of the aging schedule. 2. Prepare a December 31, 20X2, adjusting entry for bad debts. The Allowance la Doubtful Accounts account has a credit balance of $600 prior to adjusmes 3. Show how accounts receivable would appear on the balance sheet after the adjustment for bad debts is recorded. Estimated Uncollectible Uncollectible Data Entry Cells Check Figure Feedback Cell Estimated Age Category Balance Rate Amount Not yet due 31-90 days past due 91-120 days past due 121-180 days past due 181-365 days past due Over 1 year past due Total 2. General Journal Page 1 Date Account Title Debit Credit Check Figure 3