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Problem 5-65A (Algorithmic) Determining Bad Dot Expending the Aging Method As the beginning of the element parts tad an accounts recette balance of 31.500 and

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Problem 5-65A (Algorithmic) Determining Bad Dot Expending the Aging Method As the beginning of the element parts tad an accounts recette balance of 31.500 and balance the allowance for the account 67.000 (credit). During the year, Tennyson has credit wale 5624,300, colected accounts receivable the amount of $502.700, wrote of $10,60 of accounts receivable and had the following data for accounts receivable at the end of the penod Accounts Proportion Expected Receivable Age Amount to Default Current $19.000 0.03 1-15 days past due 5.300 16-pastu 3.100 46-day past de 3.600 15 Over Says post due 2.400 $33,400 Required: 1. Durina the desired postament balance in allowance for our count 2. Dutermine the balance in slowance for doubtful accounts before the bad debit expense adjusting entry is posted 1. Compute bad debt experte 4. Pre the adjusting to record bedobtapes Record adjusting entry onde expense tu

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