View Policies Current Attempt in Progress Larkspur Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage estimates of bad debts are as follows: LARKSPUR MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,400 0.40% 31-60 days 26,400 5.10% 61-90 days 11,500 18.00% Over 90 days 4,600 52.00% $103.900 Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations: The Allowance for Doubtful Accounts has an unadjusted $1,800 debit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.76.) Number of Days Outstanding 0-30 days LARKSPUR MERCHANDISING Aged Schedule of Accounts Receivable Estimated Estimated % Uncollectible Amount Uncollectible Accounts $61,400 0.40% $ 31-60 days 26,400 5.10% 61-90 days 11,500 18.00% Over 90 days 4,600 52.00% $103,900 $ Date Account Titles and Explanation Debit Credit Dec. 31