Use the following information and complete required items 1-3
The accounts receivable listing of StartUp Company shows the following on December 31, 2020.
The general ledger showed a $200 credit balance in Allowance for Doubtful Accounts before adjustment
Name of customer	Invoice date	Amount
Speals Inc.	December 5, 2020	$600
Siron Corporation	August 11, 2020	425
Screen Corporation	December 11, 2020	475
Bean Inc.	July 3, 2020	200
Apples Inc.	September 16, 2020	505
Apples Inc.	July 4, 2020	875
Window Inc.	March 3, 2020	625
Trail Corporation	November 14, 2020	825
Spokes Inc.	November 20, 2020	325
Winter Corporation	October 19, 2020	700
Required:
1. Prepare an aging of accounts receivable at December 31, 2020
2. Compute estimated loss based on the following:
	Age (days)	Estimated Loss Percentage
	1-30	2%
	31-60	5%
	61-90	12%
	91-120	15%
	121-150	25%
	Over 150	50%
3. Prepare a journal entry to record the bad debt expense for the year.