QS 7-9 (Algo) Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $136,000 $ 86,000 1 to 30 $ 24,000 1% 3% Days Past Due 31 to 60 $ 10,000 5% 61 to 90 $ 7,000 Over 90 $ 9,000 8% 11% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,600 credit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 es Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts receivable Not due: 1 to 30: 31 to 60 61 to 90 Over 90: Percent uncollectible (%) Estimated balance of allowance for uncollectibles Estimated Uncollectible