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Exercise $7-14($Algo$)$ Aging of receivables method LO P$3$

a$.$ Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.

b$.$ Prepare the adjusting entry to record bad debts expense using the estimate from part $a.$ Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $$5,100$ credit.

c$.$ Prepare the adjusting entry to record bad debts expense using the estimate from part $a.$ Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $$1,600$ debit.

Complete this question by entering your answers in the tabs below.

References

ReqA

Req B and C

Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.

$\backslash$table$[[,\backslash$table$[[$Accounts$],[$Receivable$]],x,\backslash$table$[[$Percent$],[$Uncollectible $(\%)]],=,\backslash$table$[[$Estimated$],[$Uncollectible$]],],[$Not due:,,$x,,=,,],[1$ to $30$:$,,x,,,,],[31$ to $60$:$,,x,,,,],[61$ to $90$:$,,x,,,,],[$Over $90$:$,,x,,,,],[$Estimated balance of allowance for uncollectibles,,,,,,$]]$

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