Question 17 (6 points) A Golden Lid prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly The following selected information is from Golden's partial aging schedule at the end of July Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible 0 - 30 days $736,000 298 31-60 days 331,000 6% 61-90 days 120,000 1298 Over 90 days 79.000 22% The unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,170, 1. Complete the aging schedule (below) and calculate the total estimated uncollectible accounts from the above information. Number of Days Accounts Estimated Percentage Estimated Uncollectible Outstanding Receivable Uncollectible Accounts 0 - 30 days 5736,000 296 Ender your answer in Box 31-60 days 331,000 6 Enter your answer in Bor 61-90 days 120,000 129 Enterree Box 3 Over 90 days 79,000 Enter your in Box Total Enter your newer is Box DO NOT USE COMMAS, SPACES, DOLLAR SIGNS OR DECIMAL POINTS Box #1 Box #2 Box #3 Box 4 Box 5 2. Prepare the adjusting journal entry to record the bad debts using the information determined above. Box #5 2. Prepare the adjusting journal entry to record the bad debts using the information determined above. FOR "Dr. and Cr. CHART OF ACCOUNT COPY and PASTE THE ACCOUNT TITLE FROM THE LIST PROVIDED FOR "Dr. and Cr. AMOUNTS "DO NOT USE COMMAS, DOLLARS SIGNS OR DECIMAL POINTS Dr. "Add Chart of Account Title" A Dr. "Amount Cr. "Add Chart of Account Title" Cr. "Amount 3. In August, management determined that $47,090 of the outstanding receivables were specifically uncollectible. Prepare the journal entry to write off the uncollectible amount. FOR "Dr. and Cr. CHART OF ACCOUNT COPY and PASTE THE ACCOUNT TITLE FROM THE LIST PROVIDED FOR "Dr. and Cr. AMOUNTS "DO NOT USE COMMAS, SPACES. DOLLARS SIGNS OR DECIMAL POINTS Dr. Add Chart of Account Title Dr Amount CHAdd Chart of Account Title Cr. Amount Page 17 of 20