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Problem 2 (15 pts) Conway Technologies and the alle les used the allowance method of counting for bad debts. The company produced the folle e

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Problem 2 (15 pts) Conway Technologies and the alle les used the allowance method of counting for bad debts. The company produced the folle e following aging of the accounts receivable at 12/31/ (the company years Accounts receivable % uncollectible Estimated bad debt Total $400.000 0.30 S227.000 Number of Days Outstanding 3 1-60 91-120 S100.000 S40.000 Over 110 $15. Requirements: A) Calculate the total estimate bad debts based on the above information B) Prepare the year ending adjusting journal entry to record bad debts using the aged uncollectible accounts receivable determined in A) (above). Assume the unadjusted balance of the Allowance for Doubtful Accounts is $1.000 credit Date Titles Debit Credi

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