Required information [The following information applies to the questions displayed below.] Blue Skies Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectibility is (a) 3 percent, (b) 9 percent, and (c) 28 percent, respectively. At December 31, 2022 (end of the current accounting year), the Accounts Receivable balance was $48,700 and the Allowance for Doubtful Accounts balance was $920 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2022, follow: B. Brown-Account Receivable Date 03/11/2021 Explanation Sale Debit 13,000 Credit Balance 13,000 06/30/2021 Collection 3,000 10,000. 01/31/2022 Collection: 3,800 6,200 D. Donalds-Account Receivable Date Explanation Debit Credit Balance 02/28/2022 Sale 21,000 21,000 04/15/2022 Collection 8,000 13,000 11/30/2022 Collection 6,000 7,000 N. Napier-Account Receivable Date Explanation 11/30/2022 12/15/2022 Sale Collection Debit 8,000 Credit Balance 8,000 1,000 7,000 S. Strothers-Account Receivable Date Explanation 03/02/2020 04/15/2020 Sale Collection Debit 4,000 Credit Balance 4,000 4,000 0 Previ 1 2 3 of 3 Next > Date 03/11/2021 06/30/2021 01/31/2022 B. Brown-Account Receivable Explanation Sale Debit 13,000 Credit Balance 13,000 Collection 3,000 10,000 Collection 3,800 6,200 D. Donalds-Account Receivable Date Explanation 02/28/2022 Sale 04/15/2022 11/30/2022 Collection Collection Debit 21,000 Credit Balance 21,000 8,000 13,000 6,000 7,000 N. Napier-Account Receivable Date Explanation 11/30/2022 Sale Debit 8,000 Credit Balance 8,000 12/15/2022 Collection 1,000 7,000 S. Strothers-Account Receivable Date Explanation Debit Credit Balance 03/02/2020 Sale 4,000 4,000 04/15/2020 Collection 4,000 0 09/01/2021 Sale 9,000 9,000 10/15/2021 Collection 4,500 4,500 02/01/2022 Sale 21,000 25,500 03/01/2022 Collection 5,000 20,500 12/31/2022 Sale 4,000 24,500 T. Thomas-Account Receivable Date 12/30/2022 Explanation Sale Debit 4,000 Credit Balance 4,000 Required: 1. Compute the total accounts receivable in each age category. 2. Compute the estimated uncollectible amount for each age category and in total. Required 1 Required 2 Compute the total accounts receivable in each age category. Age Not yet due Up to one year past due More than one year past due Total accounts receivable Amount Required 1 Required 2 Compute the estimated uncollectible amount for each age category and in total. Age Not yet due Up to one year past due More than one year past due Total Amount Journal entry worksheet < 1 Record the adjusting entry for bad debt expense at December 31, 2022. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal >