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Saved Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Days Past Due
Saved Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Days Past Due Total $ 139,500 B 1 to 30 31 to 60 61 to 90 $ 87,000 $ 25,000 $ 10,500 $ 7,500 1% 2% 4% 6% Over 90 $ 9,500 10% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtfull Is a $1,700 credit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts $1,700 credit View transaction list Journal entry worksheet
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