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Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $6,300. At the end of

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Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $6,300. At the end of the year, the balance of Accounts Receivable is $113,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $760. Credit sales during the year totaled $176,000. Required: 1. What is the estimated Bad Debt Expense for the current year? Bad Debt Expense 2. What is the amount of the adjusting journal entry that will be made to the Allowance for Doubtful Accounts account? Amount of Adjusting Journal Entry

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