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Question 14 5 pts Phillips, Inc. had a $300 debit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision

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Question 14 5 pts Phillips, Inc. had a $300 debit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts $130,000 1 96 1-30 days past due 18,000 3 % 31-60 days past due 12,500 6 % 61-90 days past due 6,200 18 % 9,100 33 % Over 90 days past due Total Accounts Receivable $175,800 Prepare the journal entry to record the bad debt expense for the period. Edit View Insert Format Tools Table 12pt Paragraph

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