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Exercise 9-6 Aging of receivables method L.O. P2 Hecter Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis........... Days Past Due............ Total 0 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $ 190,000 $ 132,000 $ 30,000 $ 12,000 $ 6,000 $ 10,000 Percent uncollectible 1 % 2 % 4 % 7 % 12 %.....................................A) Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. (Omit the "$" sign in your response.) (Allowance for doubtful accounts=$............................)????........................B)Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $600 credit. (Omit the "$" sign in your response.) DEC 31 BAD DEBT EXPENSE..... (DEBIT=................?????) Allowance for doubtful accounts (CREDIT=......................????)..........C) Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $400 debit. (Omit the "$" sign in your response.) DEC 31 BAD DEBT EXPENSE..... (DEBIT=................?????) Allowance for doubtful accounts (CREDIT=......................????)

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