Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $881,000 and sales for the year total $9,980,000 a. The allowance account before adjustment has a credit balance of $11.900. Bad debt expense is estimated at 3/4 of 15 of sales b. The allowance account before adjustment has a credit balance of $11.900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $38,100 C. The allowance account before adjustment has a debit balance of $5,200. Bad debt expense is estimated at 1/4 of 1% of sales d. The allowance account before adjustment has a debit balance of $5,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,200. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. S eBook Calculator ays pustu Over 120 days past due Required: 80 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Customer Due Date Number of Days Past Due Arcade Beauty May 28, 20Y1 days Creative Images Sept. 7, 2011 days Excel Hair Products Oct. 17, 20Y1 days First Class Hair Care Oct. 24, 2011 days Golden Images Nov. 23, 2011 Oh The Hair Nov. 29, 2011 days One Stop Hair Designs Dec. 2, 2011 days Visions Hair and Nail Jan. 5, 2012 days 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount an entry, leave it blank Wig Creations Company Aging of Receivables Schedule December 31, 2011 Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61.90 Days Past Due 91-120 D Check My Work 10 more Check My Work uses remaining. Pre All work saved. Email instructor Save and Exit Submit