Rowen Company has accounts receivable of $241,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Balance $170,000 35,700 20.000 15.300 $241,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,400 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Outstanding Estimated % Uncollectible 1% 0-30 31-60 61-90 Over 90 10% 25% 60%

Instructions

a. Prepare an aging schedule to determine the total estimated uncollectible accounts at September 30, 2024.

b. What is the carrying amount of the accounts receivable at September 30, 2024?

c. Prepare the adjusting entry at September 30 to record bad debt expense.