EXT Check Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging...
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EXT Check Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $143,000 Days Past Due 1 to 30 31 to 60 61 to 90 Over 90 $26,000 $11,000 $8,000 $10,000 44 64 98 125 $88,000 1% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful A is a $1,800 credit. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recevable method. Accounts receivable Percent uncollectible (%) X . Not due: 1 to 30: 31 to 60 61 to 90: Over 90: xxx x BAR Save & E Ch Req 1 Reg 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accou $1,800 credit. 10 View transaction list Journal entry worksheet 5 1 Record estimated bad debts asuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31
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