Q5- Presented below is an aging schedule for LG Company. Customer Total Not yet due 1,200 Fadi Hani Samer Karmel Others Total estimated 1,630 1,970 3,860 7,845 55,100 Number of Days Past Due 1-30 31-60 61-90 Over 90 450 280 900 620 150 3,200 90 570 1,850 285 910 7,400 4,290 730 1,320 4,800 41,360 1% 4% 6% Estimated Percentage Uncollectible Total Estimated Bad Debts 10% 15% . Instruction Calculate the bad debit expense for each category. If the balance of allowance for the doubtful account is 2,400 credit Journalize the adjusting entry of the bad debit expense