Windsor Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage. estimates of bad debts are as follows: WINDSOR MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,100 0.50% 31-60 days 26.400 5.15% 61-90 days 11.700 18.00% Over 90 days 49.00% 4,900 $104,100 Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations ENG i The Allowance for Doubtful Accounts has an unadjusted $1,460 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. 5276) Number of Days Outstanding WINDSOR MERCHANDISING Aged Schedule of Accounts Receivable Estimated Estimated % Uncollectible Amount Uncollectible Accounts 0-30 days $61.100 0.50% 31-60 days 26,400 5.15% 61-90 days 11.700 18.00% Over 90 days 4.900 49.00% Number of Days Outstanding WINDSOR MERCHANDISING Aged Schedule of Accounts Receivable Estimated Estimated % Uncollectible Amount Uncollectible Accounts 0-30 days $61,100 0.50% 31-60 days 26,400 5.15% 2 61-90 days 11,700 18.00% Over 90 days 4,900 49.00% $104,100 - / 15 Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts The Allowance for Doubtful Accounts has an unadjusted $1.460 credit 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, s. 5276) The Allowance for Doubtful Accounts has an unadjusted $1.460 credit 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) Date Account Titles and Explanation Debit Credit Dec 31 I e Textbook and Media List of Accounts Question 3 of 7 - / 15 III The Allowance for Doubtful Accounts has an unadjusted $1.460 debit balance and management estimates that 7% of accounts receivable will be uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts