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Scanned by CamScanner On December 31, 2011, RCA Company's Allowance for Doubtful Accounts had an unadjusted Problem 10-28 2011, accounts receivable by age and, on

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Scanned by CamScanner On December 31, 2011, RCA Company's Allowance for Doubtful Accounts had an unadjusted Problem 10-28 2011, accounts receivable by age and, on the basis of past experience, has estimated the per- LO2, 3 debit balance of $8,200. The accountant for RCA has prepared a schedule of the December 31, Aging accounts recei centage of the receivables in each age category that will become uncollectible. This information is summarized as follows: Xcel December 31, 2011 Age of Expected Percentage Accounts Receivable Accounts Receivable Uncollectible $592,800 Not due (under 30 days) 355,600 1 to 30 days past due 116,000 31 to 60 days past due 15,200 61 to 90 days past due 7,600 Over 90 days past due 2.0% 4.0 8.5 39.0 82.5 Required Check figure: 1. Calculate the amount that should appear in the December 31, 2011, balance sheet as the 2. Bad Debt Expens Allowance for Doubtful Accounts. 2. Prepare the journal entry to record bad debt expense for 2011

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