Following is a list of credit customers along with their amounts owed and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts percent for each class.

1. Create an aging of accounts receivable schedule similar to Exhibit 9.8 and calculate the estimated balance for the Allowance for Doubtful Accounts.

2. Assuming an unadjusted credit balance of $100, record the required adjustment to the Allowance for Doubtful Accounts.

Exhibit 9.8

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Customer Accounts Recelvable Days Past Due 12 BCC Company $4,000 Lannister Co. Mike Properties Ted Reeves 1,000 5,000 107 72 500 Jen Steffens 35 2,000 Days Past Due 1 to 30 31 to 60 61 to 90 Over 90 Percent uncollectible .... 1% 3% 5% 8% 12%