The following information is available regarding the accounts receivable of Club Fit Holdings at August 31, 2020:

Club Fit estimates uncollectability of accounts receivable using the following rates:

Required

a. Complete a Schedule of Accounts Receivable by Age at August 31, 2020, similar to Exhibit 8.13.

b. The Allowance for Doubtful Accounts showed an unadjusted balance on August 31, 2020, of $9,600 (debit). Record the adjusting journal entry at August 31, 2020, to estimate uncollectible accounts.

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Month of Credit Sale* May April Aug. Customer June July $ 24,000 $ 58,000 -0- A. Leslie T. Meston P. Obrian -0- -0- $32,000 -0- 52,000 -0- -0- 104,000 42,000 -0- -0- -0- 28,000 L. Timms 126,000 -0- -0- 52,000 166,000 -0- W. Victor "All services are performed on terms of n/60. Assume all sales occurred on the last day of the month. 0- 64,000 122,000 1 to 29 days 30 to 59 days 60 to 89 days 90 to 119 days Over 119 days past due 20% Not yet due past due past due past due past due 50% 1.5% 2% 5% 35%