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Using the table below: (A) Calculate the total receivables and the Total Estimated Uncollectible Accounts in Column B. (B) Record the journal entry for Bad
Using the table below: (A) Calculate the total receivables and the Total Estimated Uncollectible Accounts in Column B. (B) Record the journal entry for Bad Debt Expense. The Beginning Balance for the Allowance for Doubtful Accounts is $1,000. COLUMN B Number of Days Past Due 31-60 61 - 90 Customer Total 1-30 Over 90 Not Yet Due Green Lantern $ $ 19,800 $ 300 $ 500 Captain America $ 20,000 50,000 20,000 180 Wonder Woman 460 The Hulk $ 2,000 800 Dr. Strange 400 300 Kung Fu Panda 17,000 700 1,500 750 16,500 $ TOTAL RECEIVABLES $ $ $ $ $ Estimated % Uncollectible 2% 5% 10% 35% 50% Total Estimated Uncollectible Accounts
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