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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables...

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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Total $160,500 Accounts receivable Percent uncollectible 0 $93,000 1 to 30 $31,000 31 to 60 61 to 90 Over 90 $13,500 $10,500 $12,500 69108 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 Accounts is a $2,300 credit. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Percent receivable uncollectible (7) Not due: 1 to 30: 31 to 60 x 61 to 90: Over 90 Estimated balance of allowance for uncollectibles

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