That's my guess

Adventure Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three categories as follows (1) 1-30 days old (2) 30-90 days old, and (3) more than 90 days old. Based on experience, management has estimated what portion ofreceivables of a specific age wil not be paid as flows (1) 3%,(2)13%, and (3) 39%, respectively. was $240 The total Accounts Receivable in each age category were: (1) 1-30 days old. $58,000, (2) 30-00 days old. $18,000, and (3) more than 90 days old, $4,000 At December 31, 2010, the unadjusted credit balance in the Alowance for Doubtful Accounts the estimate of uncoliectible accounts at December 31, 2010 entry dated December 31, 2010 (If no entry is required for a b. Prepare the appropriate a t, select Entry Required" in the frst account field.) Vew transaction st View journal entry workubeot 0 Date Bad Debt Expense 5.340 Alowance for Doubtful Accout O Type here to search