Splish Brothers Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage estimates of bad debts are as follows: SPLISH BROTHERS MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,400 0.55% 31-60 days 26,000 4.95% 61-90 days 11,900 19.00% Over 90 days 4,800 51.00% $104,100 Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations: The Allowance for Doubtful Accounts has an unadjusted $1,950 debit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.76.) Number of Days Outstanding SPLISH BROTHERS MERCHANDISING Aged Schedule of Accounts Receivable Estimated Estimated % Uncollectible Amount Uncollectible Accounts $61,400 0.55% $ 0-30 days 31-60 days 26,000 4.95% 61-90 days 11,900 19.00% Over 90 days 4,800 51.00% $104,100 $ Date Account Titles and Explanation Debit Credit Dec. 31 The Allowance for Doubtful Accounts has an unadjusted $1,950 credit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Dec. 31 The Allowance for Doubtful Accounts has an unadjusted $1,950 debit balance and management estimates that 6% of accounts receivable will be uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31