story Method Red De X Dashboard signment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator-&inprogress=false Translate Canvas AU Access w The Wall Street Jour... Evenbetternow.com.. Direct Auto - Chen... Get Homework eBook Show Me How Aging Analysis of Accounts Receivable Instructions Chart of Accounts Analysis General Journal Instructions Cowen's, a large department store located in a metropolitan area has been experiencing difficulty in estimating its bad debts. The company has decided to prepare an aging schedule for its outstanding accounts receivable and estimate bad debts by the due dates of its receivables. This analysis discloses the following information Balance Age of Receivable Estimated Percentage Uncollectible $194,000 Under 30 days 0.8% 119,000 30-60 days 2.0% 73.000 61-120 days 5.0% 41,000 121-240 days 20.0% 25.000 241-360 days 35.0% 19,000 Over 360 days 60.0% $471,000 Required: 1. Use the preceding analysis to compute the estimated amount of uncollectible recevable 2. What is the net realitzable value of Cowen accounts receivable? 3. Prepare the journal entry to record Cowen's estimated uncollectibles, assuming the balance in Allowance for Doubtful Accounts prior to adjustment is AO B. $3.100 (debit) C $2.500 (credit) ging Analysis of Accoun Instructions Chart of Accounts Analysis General Journal nstructions Analysis So SCI 1. Use the Aging analysis to compute the estimated amount of uncollectible receivables. The estimated amount uncollectible based on the data provided is $ 2. What is the net realizable value of Cowen's accounts receivable ? Net realizable value of accounts receivable $ Book Show Me How Aging Analysis of Accounts Receivable Instructions Chart of Accounts Analysis General Journal General Journal 3a. Prepare the journal entry on Juno 30 to record Cowen's estimated uncollectibles, assuming the balance in Allowance for Doubtful Accounts prior to adjustment is $0 General Journal Instructions GENERAL JOURNAL DATE ACCOUNT TITLE POSTRE DEBIT 1 36. Prepare the journal entry on June 30 to record Cowan's estimated uncollectibles, assuming the balance in Allowance for Doubtful Accounts prior to adjustment is a $3,100 debit General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POSTRE DERIT 36. Prepare the journal entry on June 30 to record Cowan's estimated uncollectibles assuming the balance in Allowance for Doubtful Account prior to adjustments a $2,500 credit