Goto Foods International, Inc. uses the aging of accounts receivable method to account for bad debts at the end of each year. All of its customers are on account with the credit terms 2/10, n/30. Accounts receivable are grouped into three aging periods: (1) current€”within the current month, (2) 31 to 60 days, and (3) 61+ days. Goto€™s accounting policy for estimating the uncollectible accounts receivable is calculated based on (1) 5% on the current, (2) 10% on the 2nd aging period, and (3) 30% on the 3rd aging period.

At December 31, Goto Foods' accounts receivable was $92,800, and the unadjusted Allowance for Doubtful Accounts was $3,200 (Cr.). The following is a list of the accounts receivable subsidiary ledger for five customers:

Requirements
1. Prepare the customer aging schedule based on the three aging groups.
2. Calculate the estimated uncollectible accounts for the year.
3. Prepare the journal entry for the bad debt expense.
4. Which company has taken the sales discounts? What was the amount of the sales discounts taken?

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Date Document Credit Debit Bua Foods 6,850 4,750 Balance Oct 28 Invoice 337 Nov 28 Invoice 395 Dec 5 Receipt Inv 337 Dec 23 Invoice 456 6,850 11,600 8,240 15,480 3,360 7,240 Nitesh Grocers 6,500 Oct 08 Invoice 263 Oct 10 Credit Memo 105 Oct 17 Receipt Inv 263 Oct 30 Invoice 346 6,500 5,800 700 5,800 12,500 Pusan Export, Inc. 30,200 Vuong Company 8,520 3,400 Wang Enterprise 8,600 12,500 Nov 18 Invoice 279 30,200 Oct 22 Invoice 302 Dec 10 Invoice 418 8,520 11,920 Oct 26 Invoice 328 Nov 05 Receipt Inv 328 Dec 30 Invoice 468 8,600 4,300 22,700 4,300 18,400