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Question 2 - On December 31, 2019, Ryan Co. completed the below Aging Schedule for accounts receivable. Calculate the total Uncollectible receivable in the table

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Question 2 - On December 31, 2019, Ryan Co. completed the below Aging Schedule for accounts receivable. Calculate the total Uncollectible receivable in the table below. 25 marks Accounts Est. % Uncollectible Days Outstanding Receivable Uncollectible Accounts Rec. 1-30 days $145,000 1% 31-60 days $79,000 2% 61-90 days $55,000 4% Over 90 days $28,000 21% Total The Allowance for uncollectible receivables account already has a credit balance of S1000. Calculate the adjustment amount for the journal entry and complete the journal entry

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