Estimating Bad Debts Expense and Reporting of Receivables At December 31, 2013. Sunil Company had a balance of $300,000 in its accounts receivable and an unused balance of 3.360 in its allowance for uncollectible accounts. The company then aged its accounts as follows: Current SMO 0. pastu 35.00 61.180 days 14.00 Over 10 days at 7,200 Tot accounts receive 1300,000 The company has experienced losses as follows: 1 of current balances, 5% of balances 0-60 days past due, 15% of balances 61.180 days past due, and 40% of balances over 180 days past due. The company continues to base its provision for credit losses on this aging analysis and percentages a. What amount of bad debts expense does Sunil report on its 2013 income statement? 5 6. Show how accounts receivable and the allowance for uncollectible accounts are reported in its December 31, 2013, balance sheet. Cases Accounts recebe Les Alcance for uncle accounts Accounts recewable Set up accounts for both Blud Debits Expense and for the Allowance for Uncollectible Accounts. Enter any unadjusted balances along with the dollar affects of the information described including your results from parts and b) Bad Debts Expense (6) Allowance for Uncollectible Acces, KAS Balance Balance Balance Balance