Xercise Cycles Company has provided its year ended accounts receivables that were uncollected. The Controller has asked you to help prepare the Aging of Accounts Receivable Schedule and the corresponding journal entries. Xercise Cycles Company sells exercies equipment to gyms on account. At year end, the following accounts receivable were uncollected Customer Fitness Mania Health for life Holistic Health Options Image Reimagining Today's Gym World Whole Life Fitness Center Workouts Unlimited Total Amount Number of Days Unpaid $ 2,500.00 197 2,000 10 12,750 80 7,000 26 4,600 32 15,900 41 3,800 90 $ 48,550 Required: 1) Use the information above to complete the aging of Accounts Receivable Schedule below Number of Days Unpaid 31-60 61-90 Over 90 0-30 Total Customer Fitness Mania Health for life Holistic Health Options Image Reimagining Today's Gym World Whole Life Fitness Center Workouts Unlimited Total Accounts Receivable Estimated Uncollectible (%) Estimated Uncollectible ($) 2% 10% 20% 40% Required: 2) Prepare the adjusting journal entry for recording bad debt expense if thte Allowance for Doubtful Account had the following unadjusted balance: Allowance for Doubtful Account $250 credit balance Debit Credit Bad Debt Expense Allowance for Doubtful Accounts ADA