The Southbreeze Hotel uses the aging of accounts receivable method of estimating bad debts. As of December 31, 20X3, the summarized aging schedule and expected lose percent- ages are as follows: Aging of Accounts Receivable Current 0-30 30-60 $18,000 $2,200 $1,800 1% 25 Amount Loss expected 60-90 $1,000 10% Over 90 $750 30% Required: 1. Assuming a zero balance in the allowance account make the necessary journal entry on December 31, 20X3. 2. Assuming a $150 debit balance in the allowance account, make the necessary journal entry on December 31, 20X3. 37 Days Past Acot Receivable Estimated Due Art Uncollectible Uncollectible amt Current 1-30 30-50 B0-60 Over 90 Total 1) Assume zero balance for allowance account. What is Journal Entry for Dec 31 2013 Dr Provision for Doubtful Accounts CE 2) Assume $150 debit balance in allowance account. What is Journal Entry for Dec 31 2013 Dr Provision for Doubtful Accounts CE 5 Arco MacBook Air