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The LNMOP company has an Accounts Receivable balance of $200,000. The Allowance for Doubtful Accounts has a balance of $2000. Given the following aging schedule

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The LNMOP company has an Accounts Receivable balance of $200,000. The Allowance for Doubtful Accounts has a balance of $2000. Given the following aging schedule - journalize the adjusting entry for doubtful accounts. 1-30 31-60 61-90 over 90 125,000 50,000 15,000 10,000 1% 4% 1096 50%

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