Q2

Timber Company has given you the following information from its aging of accounts receivable. Using this information, determine the ending balance of the allowance for doubtful accounts and prepare the journal entry to record bad debt expense.

Current amount in the allowance for doubtful accounts is a $958 credit.

Current	$24,400	2% uncollectible
31-60 days	7,350	8% uncollectible
61-90 days	3,380	15% uncollectible
91 and up	1,220	30% uncollectible