The red highlighted answers are incorrect.

C54 X f xUse Tacct to help get answer 4 G H 1 Conroe Company, uses the Aging of Accounts Receivable Method to calculate their accrual of Bad Debt Expense 2 Using the data below, calculate the amount of Bad Debt Expense Adjustment needed Use the bad debt information 3 from problem 32. Prepare the necessary journal entries to record these transactions debit/credit) LES A/R Aging - Days Outstanding 31-60 61-90 Month of January 2016 Total A/R Open 0-30 Begin: Allow. Bad Debt for Bad Debt Write-Off Bad Debt Expense End: Allow. for Bad Debt Over 90 94,000 150.000 2% 9 A/R Balance 10 Rate 11 Allow. For 12 Doubtful Accts 35,000 5% 1,750 15,000 10% 1.500 6,000 20% 1,200 1,880 6,330 15,000) (1,330) (6,330) 16 A/R Asing - Days Outstanding 3 1-60 | 61.90 Month of February 2016 Total AVR Open 0-30 Over 90 Begin: Allow. Bad Debt for Bad Debt Write-Off Bad Debt Expense End: Allow. for Bad Debt 17 18 19 A/R Balance 20 Rate 21 Allow. For 22 Doubtful Acct 130,000 2% 35,000 5% 15,000 10% 5,000 20% 185,000 2,600 1,750 1,500 1,000 6,850 (6,330) (520) (6,850) 25 Show the journal entries needed to record the information Debit Credit 27 Date 28 January 1.330 Bad Debit Expense Allowance for bad debits 1,330 31 February 520 Bad Debit Expense Allowence for bad debits 34 35