Using the Accounts Receivable Aging Schedule below, answer the following questions related to Christinas Cookie Company:

Customer	Current Balance	1-30 days past due	31-60 days past due	61-90 past due	+90 days past due	Total
Smith	$100			$200		$300
Jones		$300	$800			$1,100
Brown	$800	$100		$800		$1,700
Edwards					$5,000	$5,000
Totals	$900	$400	$800	$1,000	$5,000	$8,100

Estimation of the allowance for doubtful accounts is based on the following rules:

Aging Category Probability AR will not be collected

Current 2%

1-30 days past due 4%

31-60 days past due 6%

61-90 days past due 10%

Over 90 days past due 25%

**Note, before any adjustments, the allowance for doubtful accounts has a current credit balance of $300.

Prepare the necessary journal entry to record bad debt expense for the current period.

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What is the final balance in the Allowance for Doubtful Accounts at the end of the period? $__________________________________

What is the Net Realizable Value of the accounts receivable for Christinas Cookie Company at the end of the period?

$___________________________________