Required information [The following information applies to the questions displayed below.] A company's Allowance for Doubtful...

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Required information [The following information applies to the questions displayed below.] A company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000 on 12/31. It prepares an aging schedule of its 12/31 accounts receivable: Accounts Receivable $ 820,000 328,000 65,600 32,800 Age of Accounts Receivable Not yet due Expected Percent Uncollectible 1.20% 1 to 30 days past due 31 to 60 days past due 1.95 6.45 13,120 61 to 90 days past due Over 90 days past due 32.50 67.00 Prepare the adjusting entry to record bad debts expense at 12/31. (Round percentage answers to nearest whole percent. D ound intermediate calculations.) Answer is complete but not entirely correct. No Date General Journal 1 December 31 Bad debts expense Allowance for doubtful accounts Debit Credit 27,865 27,865 Required information [The following information applies to the questions displayed below.] A company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000 on 12/31. It prepares an aging schedule of its 12/31 accounts receivable: Accounts Receivable $ 820,000 328,000 65,600 32,800 Age of Accounts Receivable Not yet due Expected Percent Uncollectible 1.20% 1 to 30 days past due 31 to 60 days past due 1.95 6.45 13,120 61 to 90 days past due Over 90 days past due 32.50 67.00 Prepare the adjusting entry to record bad debts expense at 12/31. (Round percentage answers to nearest whole percent. D ound intermediate calculations.) Answer is complete but not entirely correct. No Date General Journal 1 December 31 Bad debts expense Allowance for doubtful accounts Debit Credit 27,865 27,865