Wilton Inc. (Wilton) reports under IFRS. Wilton had the following unadjusted account balances at December 31, 2019: Accounts receivable $187,500 DR Allowance for doubtful accounts $ 1,530 CR Wilton uses the aging-of-receivables method to estimate bad debts. The following aging schedule reflects the situation at December 31, 2019: Age of accounts Balance Estimated uncollectible 0-30 days $ 98,000 0.8% 31-60 days 67,000 2.0% 61-90 days 19,000 6.5% Over 90 days 3,500 12.0% $187,500 On June 1, 2020, the account of Nero Sanchez for $1,600 was deemed uncollectible and was written off. On June 12, 2020, Nero was able to repay $1,000 of his outstanding balance. Required: a) Determine the ending balance for the allowance for doubtful accounts as at December 31, 2019, and prepare the journal entry to record bad debt expense for 2019.

Age of accounts 0-30 days 31-60 days 61-90 days Over 90 days Balance $ 98,000 67,000 19,000 3,500 $187.500 Estimated uncollectible 0.8% 2.0% 6.5% 12.0% Accounts receivable Allowance for doubtful accounts $187,500 DR $ 1,530 CR