View Policies Current Attempt in Progress The trial balance before adjustment of Windsor, Inc. shows the following balances: Dr. Cr. Accounts receivable $104,800 1,970 Allowance for doubtful accounts Sales revenue (all on credit) Sales returns and allowances $672,000 29,100 Give the entry for bad debt expense for the current year assuming the allowance should be 4% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Give the entry for bad debt expense for the current year assuming historical records show that, based on accounts receivable aging, the following percentages will not be collected: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Percentage Estimated to Be Uncollectible Balance $35,200 196 0-30 days outstanding 31-60 days outstanding 47.900 594 61-90 days outstanding 13,200 129 Over 90 days outstanding 8,500 18% Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1,970 but it is a credit balance and the allowance should be 4% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1,970 but it is a credit balance and historical records show that the following percentages will not be collected: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Percentage Estimated to Be Uncollectible Balance $35,200 196 47,900 5% 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 13.200 12% 8,500 18% Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts