The Vince Group provided the following analysis of its aged schedule of accounts receivable (Click the icon to view the schedule of accounts receivable) Vince's net credit sales were $2,900,500. Assume the following (Click the icon to view the assumptions) Requirement Prepare the journal entries required to record the provision for bad debts for the current year. (a) Prepare the journal entry the allowance account before Estimated Uncollectible More Info Account a Vince estimates its bad debt expense as 6% of ending accounts receivable For purposes of part (a), assume that there is a $24.200 credit balance in the allowance account before making any year-end adjustments to this account b. Vince estimates its bad debt expense as 6% of ending accounts receivable For purposes of part, assume that there is a $24.200 debit balance in the alowance account before making any year-end adjustments to this account. Ending Balance 5 340.000 Percent Estimated Uncollectible 0% 13 Aging Category Current 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due 21 623,000 118,000 154,500 57.000 T Print Done 87 Print Done Choose from any list or enter any number in the input fields and then click Check