Winfrey Designs had an unadjusted credit balance in its Allowance for Doubtful Accounts at December $31,2023,$ of $$2,400.$

 

 

Required:

a$.$ Prepare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follows.

December $31,2023$

Accounts Receivable

$$162,000$

$47,000$

$11,000$

$2,600$

Age of Accounts Receivable

Not due $($under $30$ days$)$

$1$ to $30$ days past due $31$ to $60$ days past due

Over $60$ days past due